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Mortgage Financing – Start Here

Mortgage Application – The First Step

Buying or refinancing a home in Kentucky?  Congratulations, you are in the right place!  This section of The Mortgage Hub will help organize the process.  Think of it as a guide to help get from where you are to where you want to be with the least amount of expense and hassle.  The outline is a shortcut to getting the job done.



WHO?  You

WHAT?  Buying or financing a home



   1.  Good deal 

   2.  Least amount of hassle

   3.  Financed – Quick and Easy


Do you want to know the short cut to the 3 goals under the How heading?  You either control the path to all three or roll the dice.   Everyone approaches financing a home in a haphazard manner without a detailed plan.  That makes the task a long, drawn out process, requiring the borrower to back-track and re-do steps multiple times.  That makes the process stressful and much more expensive.


The Short Cut

For most buyers the foundation of the process is to secure financing for the deal.  The short cut to buying and financing a home is to do it right the first time.  Develop a plan and then follow it step-by-step.  This may not sound like a short cut but when compared to what everyone else does it is a gigantic short cut!  Eliminate the back-tracking and taking the same step over and over and it is by far a shorter path to take.   

The very first step to any real estate transaction using a mortgage is to review your credit report.  This is not the same thing as being pre-approved.  It is a step before the pre-approval process.  Here are all of The Steps.

If everything is okay on the credit report this step could be the start of the pre-approval process.

However, if there are issues on the credit report this initial step will pinpoint what needs to be done before spending hard earned dollars.  Doing this correctly is a time-saving move and could save a fortune of money.  Even a tiny mistake in the structure of your loan could cost $50,000 or more.  I often see people make mistakes exceeding $10,000 because they skipped this step. 

It doesn’t matter if you are 6 months or a year away from being ready, don’t wait until then, do it now!

If you want to get started now use my online application for Home Buyers in Kentucky.

The link for the application is under my picture on the left side of the page. 

Okay, if you didn’t fill in the online form already let me try again.  There is no cost or obligation when I do this for you.  Other lenders will charge for the credit report or a healthy application fee, I charge neither.

Do not assume anything when it comes to financing your home, get the facts!  I have declined more than one loan application in the last couple of years for people who had sold their existing home believing they would have no trouble with financing because they didn’t have any trouble the last time.  That was then, this is NOW. Everything is different today.  

The free credit reports you get online are not tri-merged reports like lenders must use.  The Feds are very particular these days about anything that has to do with the mortgage industry, so the earlier in the process you take this step the better. 

Having time to fix mistakes or address issues is very important.  A minor mistake on the credit report can cost Tens of Thousands of Dollars over the life of the loan, depending on the type of mortgage you choose.  Besides, the mortgage business is no longer like horse shoes or hand grenades, close isn’t good enough!  Every tiny item must check out, a one point difference in credit score can be the difference between being approved or declined.  So don’t wait until the last-minute to get this step done, time is money.

The best way to get started is to fill in the basic information online, we have a secure server in-house so your information is secure from day one.  Take time, fill in all of the questions, the system notifies me when you send it, then we will review the credit report together. 

Why are you still on this page?  We could already be reviewing your credit report and saving money!  Use my online application for Home Buyers in Kentucky.

The Steps for Getting a Mortgage

Getting a Mortgage – Here is How it Works Doing it right the first time is the Short Cut! Step 1.  Review Credit Report, Pre-qualify. Step 2.   Gather and review Support Documents Step 3.  Pre-approval Application. Step 4.  Flips to a real deal once a property is under contract and we have the support documents. …

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  1. Update to Buyer Resource Center - Jim Simms - The Mortgage Hub

    [...] Mortgage Financing – Start Here [...]

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