HOME LOAN FACTS

One of our most important tasks at Tandem Mortgage is making sure that our customers understand some important facts when it comes to acquiring a home loan.

FACTS

• Purchasing a home is not just a huge decision. It’s likely one of the biggest decisions you will make in your life.
• Finding and securing the right type of home loan is not a quick task – it will take some time to complete.
• The early bird gets the worm! By starting the process ahead of your home search and pre-qualifying or getting pre-approved, you will be ready and able to get your strong offer in and ready for serious consideration ahead of the crowd.

This might be your first time investigating home loans, so one of the questions that may have popped into your head might be, “What does it mean to pre-qualify or get pre-approved?” Great question, and be ready to ask many more! Questions are an excellent way to get as informed as possible about this enormous decision and we are happy to help answer them, starting with this one.

Pre-qualifying is the process that allows Tandem Mortgage to assess some basic information and determine the best loan for you, keeping your situation, requirements, and budget in consideration.

Pre-approval is the next step towards strengthening your potential to secure a quality home loan. Tandem Mortgage pulls your credit, reviews several important pieces of financial data, and will then implement an automatic underwriting system to secure your pre-approval. Supplementing your pre-qualification with a pre-approval will keep you, as the homebuyer, and the potential home seller confident that your offer is sound and that you are ready to act on it.

So, you might be wondering a bit more about what you will need to successfully navigate and complete the pre-qualifying and pre-approval processes. Tandem Mortgage offers you a resourceful Mortgage Checklist so that you can line up and prepare the pertinent documentation and information required by the home loan process. While some cases may require additional documentation or information, our Mortgage Checklist will serve as an excellent baseline to help you get ready and set to go on your home loan process. Once the race begins, your experienced loan officer and team will be right there by your side to answer any questions or concerns as you reach closer towards your goal: Buying your home!