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mortgage preapproval

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cupcake
LIF Infant

Member since 8/11

135 total posts

Name:

mortgage preapproval

Can somebody please walk me through the process. What information do I need? How long does it take? Thank you!

Posted 4/14/14 8:13 PM
 
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Atherley
So in Love with my DS

Member since 1/11

1122 total posts

Name:

mortgage preapproval

I didn't need much for the preapproval. I think it was pretty much our paystubs and they check your credit. I got approved in less than a day. They really ask for ALL of your information when they are issuing an actual mortgage approval. We were just approved for our mortgage and that took about 3 weeks.

Posted 4/14/14 9:52 PM
 

BlessedMomma
LIF Adult

Member since 12/11

6163 total posts

Name:
Momma Bear

mortgage preapproval

Agree with above. They also asked us for savings bank statements.

Posted 4/15/14 9:19 AM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: mortgage preapproval

as a buyer and a real estate agent- I want them to get all the information

credit
assets
pay stubs
tax returns

you want to feel confident in that fact that you will actually get the loan after you find the house you love

Posted 4/15/14 10:49 AM
 

NYCGirl80
I love my kiddies!

Member since 5/11

10413 total posts

Name:

Re: mortgage preapproval

Every lender has different requirements for what they need for preapproval so I'd just ask your lender directly. Some require 1 month of statements, some 2 months, etc.

Posted 4/15/14 1:20 PM
 
 

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