3 Things to do Before You Talk to a Mortgage Broker

Posted on December 11, 2020

3 Things To Do Before Talking To Your Mortgage Broker

If you’re ready to purchase a home here are 3 things you can now, before you start talking with a mortgage broker. The sooner you do these things, the sooner you can apply and the smoother your application process will go.

1. Income: What is your current income? In order to verify your income, Mortgage brokers will need these documents. Gather them up electronically or print them out so you have them on hand for your initial meeting.

Tax returns- last 2 years
W2s/ 1099s- last 2 years
Paystubs- last 30 days
Bank statements- last 2 months (be sure to include all pages including the blank pages)
Photo ID

2. Put Down: How much money do you need to put down? The best way to determine this is by calculating 3- 3.5% of the purchase price. This is typically considered the minimum amount for a down payment. If 3-3.5% is out of your price range, you may still qualify to purchase a home. There are other loans that have a 0 down option funded by the government. Talk to your mortgage broker before
becoming set on this option to be sure you qualify.

3. Credit: Review your credit score in the months leading up to applying for a mortgage. This will give you time to improve your score or ensure that you keep it as high as possible before applying. You’ll want to check your score to make sure there aren’t any open derogatory marks that could be lowering your credit score. Annualcreditreport.com is a site that allows Americans to view their complete credit report once a year for free and it won’t hurt your score.

Remember IDC; Income, Down Payment and Credit Score. Once you accomplish these 3 things, you’re ready to apply for a mortgage! We would love to talk to you about getting started and getting you pre-approved today. Reach out or apply above!

Justice Roberts Loan Officer

Justice Roberts

Branch Manager
NMLS# 1269831
206-408-1241
Email Me
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Over the last ten years my family and I have struggled moving from one place to another never staying long anywhere. It was a nightmare changing schools, forwarding mail, packing. Team Justice helped us get the home we've always wanted they helped us put down roots. We are happy to have worked and continue to work with them they go above and beyond. Even helping us refinance. Made buying a home enjoyable.

Viola H.

Justice did a great job with me. Actually better then great. I consider him my life long mortgae man. I highly recommend him and his team. They went above and beyond what they had to do and closed my loan so smoothly and seamlessly and in a very fast time.

Mark D. | Tacoma, WA

The timing of needs and the communication was the best I've ever experienced..bar none! The ease in which documents were submitted and signing of others is phenomenal. I would highly recommend them to anyone I meet..but only if you want exceptional service.

Joseph W. | Tacoma, WA

Justice and his team were an integral part of our home buying process. They made it so easy and explained everything in great detail what we needed to purchase our first home. I would highly recommend this team to anyone. So personable and answered all my questions on the spot with accurate information. Thank you so much!!

Dominique B.

Justice and Jessie where absolutely great to work with, very professional, timely, and on it, I will always do my home lending with them. They made sure to check in with us at least once a week through out the process that lasted over 4 months, not once did I feel like they got tired of working with us or anything. They always have such a great attitude and always wanting to help!

Wascar Carpio

It’s been a pleasure to work with Justice and his team. If you are wanting constant communication through your loan process, immediate response to your questions via email or text, professionalism, and someone to trust as you make a big decision such as buying a home, look no further than Justice and his team. You all have been wonderful to work, thank you again!!

Maria S. | Edmonds, WA

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Note: “Loan approval and rate is dependent upon applicant’s credit, collateral, financial history and program availability at time of origination. Rates and terms are subject to change without notice. This is not a loan commitment or guarantee of any kind. 1265 Corona Pointe Court, Suite 301, Corona, CA 92879. ©2019 Paramount Residential Mortgage Group, Inc. (NMLS ID 75243) has the following Licenses: CA Department of Business Oversight, Residential Mortgage Lending Act License#4131268 and Finance Lenders Law License #603D903, AZ Mortgage Banker License #910387, Georgia Residential Mortgage Licensee #32807, IL Residential Mortgage Licensee #MB.6760962, Kansas-Licensed Mortgage Company, #MC.0025196, MA Mortgage Lender License #ML75243, ME Supervised Lender License #SLM12384, MS Department of Bank and Consumer Finance, NV Mortgage Broker License#3693, License by the NH Banking Department 17393-MB, License by the NJ Banking Department and Insurance, OH Mortgage Broker Act Certificate #MB.804171.000, OR Lending License #ML -4437 Dept. of Banking in the Common Wealth of PA#37894, RI Licensed Lender #20112799LL, and is also approved to lend in: AL, AK, AR, CT, DE, DC, FL, HI, ID, IA, KY, LA, MD, MI, MN, MO, MT, NE, NM, NC, ND, OK, OR, SC, SD, TN, TX, UT, VA, VT, WA, WV, WI. Governed by the CO Department of Real Estate.www.nmlsconsumeraccess.org (12/17/19).” Powered By Loan Officer X.

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