Let Ace Mortgage Loan Corp help you find a mortgage in Plantation

Buying a new home is equal parts exciting and challenging. You are likely moving to get more space or more amenities that come with a newer home. But before you begin to check out open houses and real estate posting, you should get pre-approved for a mortgage in Plantation.

For many people, buying a house requires a mortgage. To find the most affordable options available, you should consult a lender to obtain a pre-approval letter. The process gives you an opportunity to speak with a lender to discuss all of your options.

Let Ace Mortgage Loan Corp help you find a mortgage in Plantation

Mortgage pre-approval happens once a lender has checked your credit and verified your documents to approve a specified loan amount, for a particular time. The final loan approval happens after an appraisal.

Here are some of the documents you will need to receive mortgage pre-approval:

Proof of income

All potential homebuyers need to have W2 statements from the past two years and recent pay stubs that show current and year-to-date income. Borrowers will also need to disclose any additional income from bonuses or alimony, along with a copy of your tax returns for at least two years.

Employment verification

Lenders want to minimize their risk by lending money to borrowers with stable jobs. They may confirm your employment with your company and confirm your salary.

Social security

A valid social security number is needed for anyone applying for a mortgage. The lender requires this to verify your identify and run your credit report.

Place of residence

Lenders want to know where you have called home for the past few years.

Bank account information

When you apply for mortgage pre-approval, the lender wants to know how much money you have in the bank. They also want to ensure you have enough money for a down payment, closing costs and cash reserves.

Contact Ace Mortgage Loan Corp when you are ready to get pre-approved for a mortgage in Plantation. Let us help you navigate the home buying process. Our home buying experts can assist you in finding the best rates and terms for your home loan in South Florida. Call us today at (954) 777-4774.

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