Get Pre-Approved For Your Home Loan Prior To Starting Your Search For Homes For Sale In Orange County

Posted by BanCorp Properties on Monday, April 1st, 2019 at 9:31am.

 

Millennials are realizing the long-term value of investing in a property. The have had an over 35% increase in home ownership since 2017 - the highest amount of of all age groups, that is according to the National Association of Home Builders. If you are a millennial making the jump to ownership, getting pre-approved for a a home loan in advance can make the process easier and faster. You will know ahead of time what you can realistically afford, and your seller will know your offer can be taken seriously. To make yourself an appealing candidate, check your credit score, and, if needed, give yourself at least six months to improve it before going to a mortgage banker. Round up W-2's, pay stubs, and tax returns from the past two years for proof of income. Documentation of additional assets like investments and savings can also help you in the pre-approval process

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