Want and Easy Loan Application Process? Follow These Simple Steps:

Follow these steps below to help keep your loan process smooth and easy! Have all of your funds used to close in one account without any recent large deposits – Even small deposits and transfers to your account may sometimes have to be sourced. Underwriters must prove that this money is not borrowed and that it can be hard unless you save checks, stubs, deposit slips and make copies of everything. It’s a lot less work if you simply use one account that is dedicated to your transaction and put all of your needed funds into that account at least 2 months prior to your transaction. Save your pay stubs and other financial documentation – Pay statements are one of the ways that income is verified and monitored. Currently, underwriters often want these updated within 30 days of the closing so get or get in the habit of hanging onto them and have them ready to transmit when requested. The same goes for all other financial documentation from bank to retirement statements, tax returns, fund transfers, asset sales, etc. Don't change jobs or switch from salary to commissions – It’s not always enough to simply have income, ideally, it’s best when it’s been received from the same employer for two years or more and it’s consistent or growing. We understand that things can change, yet, voluntary moves during the mortgage process can often equal difficulty and at the least, will make verifications more complex and time consuming. Save all pages of your bank statements - We know that banks love to include blank pages or advertisements in their statements. The problem is when they put a number on this page such as “1 of 8″ or “5 of 5″ – you may know their is nothing there but how will an underwriter if she or he can’t see the page? So, save even these and include them when you provide your statements. Don't apply for any new credit cards, car loans, furniture financing, etc – While purchasing a new home often goes hand in hand with buying furniture, lawn mowers or gas grills, that 10% discount the salesman wants to grant you by opening a new charge card can not only cost you far more money than you save; in extreme cases, it can even cost you your loan approval. If you need more detail, just ask but to be the ideal borrower, just don’t do it. Save your purchases until after close and you may be far happier. This is the most important thing of all – and that is to simply accept the process for what it is regardless of how crazy it may seem and enjoy your closing! Last but not least: Choose a mortgage company that understands the mortgage rules and regulations, and who can easily guide you through the process with their expertise. You also want a company who has been in business at least 5+ years and is up to date on all the newest regulations in the industry. Here at Texas Premier Mortgage, our Loan Officers are the best trained in the business to provide you with the utmost up to date information regarding your mortgage needs. We have 10+ years experience in the industry, allowing us to have all the knowledge it takes to get you a good deal and get it done for you in a timely manner. Why delay? Call today!! 281-627-4222. www.txpremiermortgage.com