Before anyone can apply for a home mortgage, you should get a pre-approval letter. This approval letter is given by a mortgage company that will help you with your loan process. Evaluation will be done by the lender to carefully determine the ability of the client to pay the loan. The advantage of having a pre-approval is that it is already explained to you how much you can apply for a loan based on your current financial status.
An NC mortgage pre-approval letter is a great help for residents of North Carolina to secure the house they are planning to buy. With AmeriSouth, we assure our clients that to give pre-evaluation letters that will provide an edge to our clients with their dream house.
Before you become a pre-approved borrower, you need to qualify first. So to qualify, check the following requirement on how we can assist you with your loan. Once you complete you become a qualified applicant.
It is important to prepare for your documents that will be required as you request for a pre-approval writing. To establish your financial stability, you will need to submit your bank statement and tax returns or present pay stubs. These documents should be submitted with the record of the past two months.
Your source of income aside from your work will also be checked. Your records over the last two months from your bank statement, investments if there is, retirement benefits if applicable.
Do you own a car or another house? You need to submit a document informing about the model of your car and its value. If you have another house then, submit the home equity, insurance policy, and account information.
Additional responsibilities should also be provided. So if you are currently paying any loan, bank, car or personal loan, let us know so we could help you with your upcoming home loan.
Once you have submitted these pre-qualification requirements, we will process your pre-approval letter. We can help you look for a house or help you agent look it for you.
And when everything is all good, we can grant the NC mortgage pre-approval letter. This will make your home buying experience stress free. It will show much amount is approved on your loan to show your realtors that you are serious in buying the house.
Can Your Credit Score Help?
We will also check your credit score. A credit score plays a significant role in your home loan application. If you have a good credit standing, this will show how you serious in paying for your monthly fees. If it is not, then the lender may doubt your credibility and ability to pay.
We will be the one to check your credit score upon your approval. The credit history will show how responsible you are in your financial obligations.
Make your own house an investment. Buy the house you want in the place you like without any hesitations. We can make it happen by providing you a complete home mortgage plan according to your own paying capacity.