If you are seeking to purchase a home now or in the near future and need financing, it is important for you to get a pre-qualification from a lending institution. A pre-qualification will let you know how much you are eligible to borrow. Obtaining a pre-qualification is a fairly easy process and only requires you to do the following:
Call the lending institution of your choice. Inform them that you are planning to purchase a home and you would like to know how much you can afford.
Equip yourself with the following information as you will eventually need to provide proof of your financial status upon the bank’s request:
a. 3 most current consecutive paystubs b. Previous Year’s tax return c. Total of current debt payments (which includes minimum payment required on credit cards, student loan payments, and any other debt payments)
Griffin Real Estate Group’s clients have received mortgage loans from the following institutions:
Bank of America
BNY Mortgage – A Bank of New York Company
Carver
Citibank
HSBC
J.P. Morgan Chase
Washington Mutual
Wells Fargo
*The above listing of financial institutions are banks Griffin Real Estate Group’s client’s have received financing from in the past. This is not an endorsement of any one institution.
