General Beata Wojtalik 16 Jan

Looking to buy a home? Learn more about the pre-approval process! 

The pre-approval process for a mortgage application involves several steps. First, the borrower must submit a mortgage application, which includes personal and financial information, such as income, assets, and credit history. 


Next, the lender will review the application and conduct a credit check to determine the borrower’s creditworthiness. 


If the lender determines that the borrower is a good candidate for a mortgage, they will then issue a pre-approval letter, which states the amount of the loan for which the borrower has been approved and the terms of the loan. 


The pre-approval letter can be used by the borrower to show that they are a serious and qualified buyer when making an offer on a property.


It is also important to note that the Pre-approval process may also include an assessment of the property value by the lender.


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Benefits of Home Ownership

General Beata Wojtalik 9 Jan

Benefits of Home Ownership

There are so many benefits to home ownership, so here are 5 reasons why you should look into buying a home today!


1.Building equity: Every mortgage payment you make is essentially money in the bank, as you’re building equity in your home.


2.Tax deductions: Homeowners can often deduct mortgage interest and property taxes on their tax returns, which can save them a significant amount of money.


3.Forced savings: When you rent, you’re essentially throwing money away each month. With home ownership, you’re putting that money towards an asset that you can potentially sell later for a profit.


4.Sense of accomplishment: There’s a sense of accomplishment that comes with owning your own home. It’s a tangible representation of your hard work and success.


5.Stable housing: With home ownership, you have the security of stable housing and the ability to customize and make changes to your living space.


If you have any mortgage questions, don’t hesitate to contact me.

Call me today or book a meeting:- CALENDAR LINK


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The Different Stages of the Mortgage Process

General Beata Wojtalik 7 Jan


Are you thinking about buying a home and wondering what to expect during the mortgage process? Here’s a quick overview of the different stages and what you can expect at each one:


Pre-approval: During this stage, you’ll provide your lender with information about your income, assets, debts, and credit history. They’ll use this information to determine how much they’re willing to lend you.


Shopping for a home: Now that you know how much you can borrow, it’s time to start shopping for a home that fits your budget. Don’t forget to consider other costs like closing fees, property taxes, and homeowners insurance.


Applying for a mortgage: Once you’ve found a home you want to buy, you’ll need to formally apply for a mortgage. This involves submitting a more detailed loan application and going through a more thorough underwriting process.


Closing: If your loan is approved, the next step is closing. During this stage, you’ll review and sign all of the necessary documents and pay any closing costs. Once everything is finalized, you’ll receive the keys to your new home!


Making payments: Now that you’re a homeowner, it’s time to start making monthly mortgage payments. Be sure to make these payments on time to avoid any potential late fees or credit score impacts.


The mortgage process can be intimidating, but it doesn’t have to be. By understanding what to expect at each stage, you can feel more prepared and confident as you navigate the process. Good luck!


If you have any mortgage questions, don’t hesitate to contact me.

Call me today or book a meeting:- CALENDAR LINK