Applying for a mortgage is a big step in the home buying process for many, and for most that step can be really intimidating if you don't know what to expect. We often work with Kristian Siemon and Angel Oak Home Loans to help support our clients through the process. And with Kristian and his team the process doesn't need to be scary!
So what exactly does the process of applying for a mortgage look like?
Know your score!
Your credit score has a huge impact on your mortgage. Knowing your score will help you see the numbers that your mortgage advisor is looking at to determine your eligibility and rates.
Gather your documents!
Pulling all the information together helps make the process easier. You can see what documents you might need here on the Angel Oak website. These are things like bank statements, W-2's, and pay stubs.
Lean on the Pros!
Connect with Kristian or one of his team! They are there to help you through the process! Even if you aren't quite ready to move forward they can give you the next steps so that you are in the best possible position when it comes time to purchase your first or next home.
Discuss Types and Terms!
Spend some time researching different types of loans and the terms that apply. Angel Oak offers a variety of mortgage products including Conventional home loans, VA (Veteran Affairs), and FHA (Federal Housing Administration) in addition to some other loans that are not so common, but may be useful if your circumstances are not so common. You can check out Angel Oak's product offerings here.
When you are ready to begin your home search getting pre-approval for your mortgage will help you and your Realtor in your home search. You will know exactly how much home you can afford to buy.