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Our exclusive Smart Start Mortgage Program offers incredible benefits
to a first time homebuyer! It begins with the free "Pre-Approval
Consultation," where we:
Address any and all questions you may have about the mortgage/home
buying process.
Examine
the key criteria used in underwriting - credit, income, debts,
assets, and down payment to see where you currently stand.
Pre-approve
you for the maximum loan possible consistent with the maximum
monthly house payment you are comfortable making.
You
are then "armed and dangerous," and ready to begin the
process of finding the home of your dreams with the following huge
advantages:
You
have the purchasing power of a cash buyer. In certain conditions,
this may allow you to negotiate (according to the National Association
of Realtors) terms that are 5% to 7% better terms when making an
offer.
In
some hot real estate markets, you may have to be pre-approved (not
just pre-qualified) for a seller to even consider your offer. Buyers
experienced this in the San Francisco Bay Area in 2001 and early
2002.
You
can shop for a home stress free because you know you have everything
you need for closing except the title policy and appraisal. Anxiety
has been eliminated because you have no conditions you will have
to meet.
So,
start the home buying process SMART by getting prepared for your
personal, free "Pre-Approval Consultation" with your Cherry
Creek Loan Officer.
How to get Approved FAST for a Loan
As
we've mentioned, the Pre-Approval Consultation is the smartest and
first thing everyone considering buying their first home should
do.
In
order for us to be able to approve you for the maximum monthly payment
that is within your comfort level, we need your assistance. Please
use this form as a checklist and bring all the pertinent documents
to the consultation.
- Consecutive
paycheck stubs covering the last 30 days (bring five if paid weekly,
three if paid every two weeks, two if paid twice a month, one
if paid monthly).
- W2
forms and complete copies of 1040 personal Federal Income Tax
Returns with all schedules and K-1's for the last two years
- If
you own a business: copies of corporate, partnership or S-Corporation
Federal Income Tax Returns with all schedules and K-1's for the
last two years
- Complete
statements (all pages) for the last three months for all checking,
savings, CD, money market, stocks, bonds, IRA's, 401K's, or other
bank and investment accounts. Bring your passbook to be copied.
- If
you have already made an offer on a home, please bring the Sales
Contract and/or Listing Agreement on the house you are purchasing.
- If
applicable: names, addresses, and telephone numbers of your landlords
for each residence you rented over the last two years.
- If
applicable: complete bankruptcy papers, including filings and
discharges.
- For
recent graduates (in the last two years): copies of transcripts
or diploma showing the date of graduation
- VA
buyers: DD-214 and Certificate of Eligibility
When
you provide appropriate documentation, your consultation can open
the door rapidly to your dream of homeownership.
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