If you have been saving like a crazy person trying to sock away enough money to put a down payment down on your dream home, that’s a commendable place to start from. But you’ll also need to know how much you can actually afford to spend on a new home each month with your down payment. Well, that will depend on your combined incomes, any other source of income or any gifts received. Working with an experienced mortgage company in Coconut Creek can help you find the right home loan to suit your financial situation. Each loan is customized to take your financial health into consideration. Many people dream of owning a home, and when you’re finally in position to buy it’s a wonderful place to be. Our team at Ace Mortgage Loan Corp. can offer guidance and advice throughout the loan process as you look to secure a home loan.
What Factors into the Loan I Can Get?
If you’re a first-time homebuyer, navigating the loan process can be a bit overwhelming; especially with all of the paperwork and documentation you have to provide to get the ball rolling. Just take a deep breath and trust in your mortgage company in Coconut Creek to help you every step of the way. At Ace Mortgage Loan Corp., we know that filling out all the paperwork as well as finding all the paperwork you’ll need to submit can be very overwhelming, especially if you are a first–time homebuyer. Our team of loan officers will work with you to make sure you understand how much home you can afford and what documentation you’ll need to provide to make sure the process moves along swiftly. Because your interest rate will often expire in 30 days, time is always crucial at this point in the process. Here are some of the paperwork you’ll need to provide to begin the loan process:
- Copies of 2 to 3 months’ worth of all bank statements including checking, savings, etc.
- Last two years of tax returns
- Copies of 2 to 3 months’ worth of pay stubs
- Copies of social security awards
- Copy of annuity statements
All of these documents play a part in determining the type of loan you’ll be offered and the amount to be financed. You will not always receive the exact amount that you want, but chances are it will be somewhere in the range or very close to it. Our team at Ace Mortgage Loan Corp. offers personalized mortgage assistance for those who are in the market to buy a home. Whether you’re a first-time buyer or you have some experience buying a home, using the assistance from a mortgage lender is always a good idea. We’ll make sure you get the best loan rate available to you.
The right advice can make all the difference when trying to find the right mortgage loan. If you’re ready to get started, contact our mortgage company in Coconut Creek today. At Ace Mortgage Loan Corp., we can answer any questions you have about the mortgage and home buying process. Buying a home is one of the largest and most important purchases you’ll ever make. And making sure you secure the best loan at the best interest rate is our specialty! Call us today at (954) 777-4774.