Getting Pre Approved for A Loan or Mortgage in Georgia
Getting Pre Approved for A Loan or Mortgage in Georgia Purchasing a home is a goal for most people. The biggest obstacle to making that dream a reality is the ability to afford a home of your own. When you start speaking to realtors about purchasing a home, you are posed with one question repeatedly, “Are you pre-approved for a mortgage?” Getting mortgage pre-approval in Georgia should actually be the first step in the house hunting process. One of the many benefits of having proof of a mortgage pre-approval in Georgia is it gives you an estimate of the total budget, along with your expected monthly payments.
A realtor is also more likely to sell a home to someone who has been pre-approved for a mortgage. It gives better clarity on the homes that you can afford. Realtors can narrow down the choices of homes depending on your financial capability. In case there is a situation of foreclosure, some sellers could be willing to accept a lower offer if the potential buyer is pre-approved for a mortgage in Georgia. But is it easy to get a mortgage in Georgia? Our experts at Interstate Home Loan Center can help you with Mortgage Pre-Approval in Georgia.
How do you get a Mortgage Pre-Approval in Georgia?
A pre-qualification for a mortgage is a valuable asset when buying homes. You can rely on Interstate Home Loan Center to get a mortgage in Georgia. Once you get in touch with us, our team will need a few details such as your social security number, recent bank statements and income documentation such as W2s, pay stubs, and tax returns. We provide continuous guidance to our clients on how they should proceed. We are aware of how much a mortgage pre-approval in Georgia can help you get the best home available on the market. Interstate Home Loan Center’s goal is to help our clients afford the properties they dream of. When you get a mortgage in Georgia, you should determine a safe range for your monthly payments and prevent any potential financial strain.
A potential buyer seeking pre-approval mortgage in Georgia, needs to provide a few necessary things to their lender. Here is what your lender will consider for a mortgage pre-approval in Georgia:
- Proof of income
- Debt-to-income ratio
- Loan-to-value ratio
- FICO credit score
- A good credit score, usually above 700
- Employment history
Real estate transactions are a lengthy process, mostly because buyers face problems in the pre-approval for mortgage process. To simplify the paperwork and ease the process, call Interstate Home Loan Center for a Georgia Mortgage broker today. Let us handle the initial process of getting you closer to owning the home of your dreams.
Still have questions? Call us today at 1-888-624-1414