Simplify Your Mortgage Journey With Home Buying Patience

 

Successfully completing the home buying process is a challenging experience.

Whether you’re a first-time home buyer, previous buyer or planning to refinance, you’ll encounter many of the steps that lenders require to receive funding.

However, you’ll have a smoother mortgage journey with some home buying patience.

 

Knowing What to Expect

 

Unless you’re making an all-cash offer, you’ll be asked to provide proof of income and for permission to review your credit history.

With a stellar credit score and an excellent bill payment record, you may have minimal credit explanations to provide.

However, if you have a variety of credit blemishes and past-due debts, you might endure greater financing challenges.

The aforementioned details are important, as getting pre-approved for a mortgage loan will ease your home buying journey.

Knowing how much you can afford to borrow will help you and your Realtor understand your qualifications.

 

Most people will attend several home showings, open houses and builder invitations before deciding to buy a home.

It might take a weekend or several months for you to find the home that you want.

With some home buying patience, you’ll have less frustration than people who are extremely anxious and who have limited knowledge of time frame and expectations.

 

For instance, it might take three weeks to find your dream home and four to six weeks to finalize your loan requirements.

Therefore, the typical time frame might stem from two to three months.

In some cases, you might blaze through the home buying process within one month, while certain scenarios could delay the process for another month or two.

 

Ease Your Home Buying Journey

 

For starters, a good loan officer will match your energy.

If you are highly responsive, your loan officer will expedite your items to underwriting.

Promptly returning phone calls, submitting requested documentation and following up with email or text messages can lead to a pain-free mortgage experience.

 

Patiently Prepare a Folder for Your Mortgage Loan

 

When you’re prepared, you’ll be ahead of the game.

Taking a few minutes to assemble your documents will provide detailed information for your loan officer and limit your time spent toward gathering the items.

Include items, such as your sales contract, your last two pay stubs, W-2’s, tax returns and bank statements.

If you’re self-employed, gather your personal and business bank statements for the past 12 months, articles of incorporation and copies of professional licenses that you hold.

Write a letter about any negative credit experiences that you’re aware of.

Earmark $1,500 – $2,000 to cover the costs for an appraisal, inspections and home owners insurance. These items are beyond the down payment for your home and you may be required to pay them before closing.

With some home buying patience, you’ll have less anxiety and less stress during your mortgage journey.

 

Relax and Enjoy Your Mortgage Experience

 

In many arenas, who you know largely determines the speed, precision and comfort level that you’ll experience.

It’s precisely why, Steven Abo repeatedly helps a growing list of clients.

Steven embodies a holistic approach to everyday life.

His competence and compassion enables his clients to relax and enjoy a variety of experiences.

Whether sharing his joy and benefits of yoga or relaxing on his boat with clients, everyone involved knows that he’s sure to streamline the lending process.

In many cases, Steven Abo eliminates underwriting requirements that many lenders will compel borrowers to produce.

The additional support enables his clients to rest much easier.

 

Start Your Home Buying Journey  

Now that you’re armed with a clearer path toward the closing table, you can begin your home buying journey with confidence.

 

Knowing how much you can spend for a home, where you want to buy and that a reputable Los Angeles mortgage broker will offer concierge level financing support, it’s a great time to contact Abo Capital.

 

Without a stressful home buying journey, you can patiently locate a desirable home and navigate the financing process with ease.

 

Contact Abo Capital today to discuss getting pre-approved for a mortgage loan in California and other areas of the country.