Here is something most buyers do not realize:
A mortgage approval is not just based on how much money you make.
It is based on how that income is documented, how your debts are counted, where your money is coming from, what the property costs to carry, and whether anything changes before closing.
That is why I look deeper than the basic pre-approval.
I want to know:
Will your overtime actually count?
Will your bonus income qualify?
Will your gift funds be documented correctly?
Could your tax bill or insurance quote push the payment higher?
Would seller credits help more than a price reduction?
Is the “lower rate” actually worth the cost?
Are there any money moves you should avoid before closing?
These are the details that can make the difference between a smooth closing and a stressful one.
Comment or message me “REVIEW” and I’ll help you look at the numbers before you shop.
— If we haven’t met yet, I’m Richard Sarey, your go-to independent mortgage loan officer in Frisco Texas
#MortgageAdvice #GetPreapproved #HomeLoanHelp #mortgagetips #friscomortgagelender
