** Important **

We want to assure you that we do NOT sell any of your information after we have pulled your credit. However, we would like to inform you that the credit bureaus keep a record of the credit inquiry, which they unfortunately sell to bidders in the form of "trigger leads." This often results in receiving numerous spam calls from online lenders. Although every bank is actively fighting against this, we currently have no control over stopping it. We understand that this can be frustrating, and we apologize for any inconvenience caused.

To help prevent this I recommend doing these 2 hacks...

Register with the Do-Not-Call Registry here: donotcall.gov

Complete the Op Out Prescreen - https://www.optoutprescreen.com/

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We are excited to provide to provide clear communicationgreat follow up on time closings to empower YOU with an even more confident mortgage experience. We are committed to helping our clients not only during the pre-approval & loan process but also over the next 30 yrs.

Tips for a Successful Submission:

After completing the steps above & submitting your information, we will be reaching out to schedule a pre-purchase consultation. At our meeting, we will Educate you on current market interest rates, Inform you about the mortgage process & what to expect and from us to make this an enjoyable/stress free process and Empower with a clear mortgage plan so you can make the best decision. 

If you have any questions, please feel free to call or text us at +1 (480) 553-8770

Now take a few minutes to review my quick Mortgage Steps Videos below to ensure you are best prepared for the next steps in the process.

Why So Many Documents?

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After the subprime crash in 2008, the government implemented checks and balances that have improved sound lending practices, BUT the issue with this is it comes in the form of more documents from you and your mortgage lender. I believe, overall, the regulation put in place was very needed.

There are 4 items that mortgage lenders must verify:

  1. Credit (Score & History) – we have options for a wide range of credit scores, and we can provide credit action plans to help increase credit as well.
  2. Capacity (Ability to Repay) – typically, you want your total debt including your house payment to be less than 45% of your monthly gross income. We have a few programs that can go higher.
  3. Collateral (the homes’ value & condition) – with an appraisal, we check the home’s value and conditions. Once we receive the value, I will call you to review the value and condition listed on the report. We lend based on the purchase price or appraisal, whichever is LOWER.
  4. Capital (Down Payment) – we have down payment assistance options to get you into a home for very little.

And YES, we will need additional documents during the process – such as new bank statements, pay stubs, employment info, or credit explanations. We will work with you to get these documents in quickly, if needed.

Most Common Delays & How to Avoid Them

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  • All pages – please provide all pages of documents you are submitting. If it says 1 -5, please provide all 1 -5 even if the last page is blank. And do not black out anything as this will only raise questions.
  • IRS – with government regulations, we are required to verify the income document you submit to us with what the IRS has. To do this, we submit a request for a tax transcript to the IRS. This can become a delay; the most common is the address on our document doesn’t match the address you show on your tax returns… if you have moved or used a PO box or work address.
  • Appraisal – we recommend that we order the appraisal asap in the process to ensure there is no delay. The appraisal process can take 5 to 7 business days.
  • Inaccurate info – we need accurate income info, work history, and asset information. Please talk with us about anything you are concerned with, and we are happy to work through it. We will find out the information, and we would rather find out upfront rather than at the end of the process.

Close timeline – When writing an offer to allow enough time for due diligence, we recommend at least 30 days but be mindful of the weekend, and the day you submit the offer.

Your Offer is Accepted, What Now...?

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  • Be sure to send us the purchase contract as soon as you know the seller accepts your offer.
  • Once we receive the contract we will review and set up your loan disclosures for review, and then we will call you to verify the price, loan amount, payment, rate, and down payment.
  • Next, we will send you an email that will prompt you to log into our secure web center to access and sign the loan disclosures. Please e-sign the documents within 24 hours to avoid delays. Just below the e-sign document, there is an option to “browse” and “upload” documents. This is great because you can upload documents securely directly into your file for processing review.
  • We have a proactive approach – we will send all parties weekly updates. PLUS reach out 5 times proactively on key milestones.

THANK YOU for allowing us to SERVE you with perhaps one of the largest financial decisions of your life. We promise to do our best through the home loan process.