The first part of the loan process is the prequalification. During the first conversation basic information is collected: Name, Address, Social Security Number, Date of Birth, Time on Job, Monthly Income, Checking and Savings Account Balances and Current Rent/Mortgage Payment. Credit is then pulled and your Debt to Income Ratio (DTI) is calculated to see how much house you can qualify for. Once the proceeding is complete the loan program best suited for your situation is determined.
Documentation is then collected to verify the above information: Driver’s License, Social Security Card, 30 Day Paystubs, 2 year W2s, 2 year Federal Tax Returns and 60 days of Banking Statements, then, a Mortgage Prequalification Letter is Issued.
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 call – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron nmls: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
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