Tips To Get A Mortgage Loan in Charlotte And Fort Mill
Simple preparation can make getting a mortgage loan easy!
It seems everyone has heard a horror story about getting a mortgage loan… I know because people go out of their way to share them with me! This baffles me because it really doesn’t have to be that difficult. About 80% of the loans I do every month are completed almost a week early. That means the closing attorney has everything to close the loan 5 days before the buyer and seller are scheduled to show up… not bad!
The few that aren’t done early are still relatively smooth, but these could be prevented. As a 10 year veteran of this business, let me share a few pointers that will save you time and possible hair loss…
- Get fully Pre-Approved before looking at houses. (We offer this service free of charge)
- Allow at least 21 days to close (from contract being fully executed and loan application being made)
- Provide documents that your lender requests quickly (same day) and fully legible (make sure you give all the pages)
- Don’t move money within your accounts or apply for new credit during the process
- Set-up your homeowner’s insurance at least 10 days before closing. (It really stinks to have loan approval and not be able to send out the closing package because of insurance, it only takes 10 minutes to get this done)
- DON’T quit your job… no really this does happen!
- ASK your lender any questions you have about the process… we are here to help. The better you underestand what to expect, the better your overall experience will be!
- Do your mortgage with us… sorry I had to throw that one in!!
These are some great general tips that will save you aggravation later. Countless homebuyers rush the process and end up mad at the lender, Realtors or closing attorney… even though they were warned up front. Loans can be closed within a week if everything fits into place perfectly, but that seldom happens and allowing enough time just makes good sense.
Olan Carder
Myers Park Mortgage
Direct: 980-721-7478
Olan Carder contributes articles to Homesfortmill.com on a regular basis. He works in the Charlotte NC metro market which includes Fort Mill, Tega Cay, Lake Wylie SC,
Olan has recently started his own mortgage blog. If you are looking for more mortgage tips and information, check out his new blog at http://charlottemortgageonline.com/.
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