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 For A Free Pre-Approval...
Before you begin to shop for a new home, you should set up a time to meet (in person or over the phone) with MNA Mortgage staff, so we can figure out how much of a home you can afford. This will put you in a better position as a buyer.
To get pre-approved for a loan, we willl need to collect information about your debt, income, and assets. We’ll look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. We will issue you a pre-approval certificate indicating the amount you are pre-approved to borrow.
Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.
To get pre-approved, please
complete the attached Free Credit Analysis form and Free Pre-Approval form. You should also provide us with the following information:
Name, address and social security number of all borrowers and co-borrowers to help determine credit worthiness of all applicants.
Copy of current pay stub and W2's for the last 2 years.
If you are self-employed, a copy of your last 2 years' federal tax return.
Copy of latest bank statements and brokerage account statements.
These items may be faxed to 781-224-0890. All information is confidential.
Once the pre-approval process is complete, you will receive a pre-approval certificate indicating the amount your lender is willing to lend you for your home.
A pre-approval certificate is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.
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