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Can You Speed Up Your Mortgage? YES! September 14, 2017

Posted on September 14, 2017 by Mike Shore

Are you in the market for a new house or apartment? If you are financing the purchase by taking out a mortgage, you?ll want to know how to make this transaction run as smooth as possible. In today?s article, I?ll share a quick three-step guide to speeding up the mortgage closing process.

Step #1: Check In On Your Credit Score

The first step before applying for your mortgage is to check in on your credit. Request a copy of your credit score and history from one of the major reporting firms. Go over this report, paying close attention to any old or outstanding items that you may have already dealt with. Many individuals have old delinquencies that must be challenged to be removed from the report, so take care of these first before applying.

Step #2: Have All Your Documents Prepared

As with any loan, taking out a mortgage requires a small mountain of paperwork. The best way to speed this process up is to have all of your financial documentation ready for the lender.

A brief list of some items which are commonly requested includes your current employment details, recent pay stubs, recent W-2 forms or tax returns, proof of self-employment or other means of income, asset details such as bank accounts and investments and debt information such as other mortgages, student loans and more.

 

Step #3: Get The Inspection Finished Promptly

While the lender is completing the home appraisal process, you should be having the home inspected. Getting the inspection completed promptly will prevent any delays due to problem areas that might be uncovered. For example, a pest problem like termites may need to be dealt with, or minor repairs to the roof structure may need to be scheduled.

Following the steps above will help to ensure that your mortgage closing process goes as smoothly as possible. To learn more about your mortgage options or to get the pre-approval process started, contact me today!

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Mike was great to work with!? He took time to listen to my situation and helped me through the process.? He was always quick to respond and went the extra mile when things didn't go as I planned.? Highly recommended.

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Mike was great to work with!? He took time to listen to my situation and helped me through the process.? He was always quick to respond and went the extra mile when things didn't go as I planned.? Highly recommended. Lance Hunter, American Falls, Idaho
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When we moved to Idaho in 2008 we were blessed to find Mike to help us purchase our home.? He was so friendly and knowledgeable that we have used him twice since then to refinance.? We really like how he has our financial well-being as his first priority. He will help you get the right fit for your situation, and we highly recommend him."

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2016-08-18T12:57:18-06:00
When we moved to Idaho in 2008 we were blessed to find Mike to help us purchase our home.? He was so friendly and knowledgeable that we have used him twice since then to refinance.? We really like how he has our financial well-being as his first priority. He will help you get the right fit for your situation, and we highly recommend him." -Justin and Alma Morris, Shelly Idaho
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