Be Prepared – Questions From Gulfport Lenders
Gulfport lenders are no different from other mortgage lenders when it comes to approval of a home or condo loan; they will be asking numerous questions to learn more about you. As the purchaser of an important investment, you should be prepared for the questions that will assure the lender and their underwriters of your being worthy of their credit, before the money is approved.
Your Employment and Income
Some of the questions that may be asked include: Where are you working? How long have you been with this company? How much money do you make? Is your income from a steady job or from freelance/contract work? You will need to provide more detailed information if it is the latter case.
How Much Do You Owe?
What are your recurring debts? How much is your credit card debt monthly, and how of your monthly income goes to paying credit card debt? Do you have an auto loan, and how much do you pay? Do you have money in the bank, and how much will remain after you pay the down payment and closing?
How Much Are You Putting Down for the Down Payment?
Is this your own money? If it is not, is it grant or a gift from your family?
Property Type and Use
What type of property is it, a home, duplex or condominium? Do you plan to live there, or is it an investment?
Answers That Work For You
The lender will happier with the following: Employment that has been steady, two or more years with employer or in the same field. Low debt and a 36 percent or less debt-to-income ratio. Property is to the primary residence and is a detached single family home. It will be a purchase or rate-and-term refinance.
Working with Gulfport lenders makes the process go smoothly; but remember to ask questions of the lender as well.
“The best decision I made was choosing Amanda Hendry and her team as my Realtor for my first time buying a home. They walked me through every step and worked with my mortgage loan officer and with the seller to make sure everything was in order and done in timely manner. My first time buying a home was a journey and not an easy one and Amanda went above and beyond to get me in the home of my dreams. She showed me probably every house on the market in the locations I was searching for several mon…
Jennifer BatesGulfport, MS
First off, let me say the pleasure was all ours. We appreciate the time McKinsey & her team took with us. She stayed on top of the situation and made things happen. It was our first time to use a Realtor and it was a pleasure with us. She answered questions immediately or found the answer for us in timely manner. We never felt pressured or uncomfortable. It was great doing business with her and the team and look forward to future business.
David & Summer Pipkins
Amanda and Associates helped me every step of the way through the difficult situation of selling my home. We had a difficult time in dealing with the lender and Amanda’s team made it much easier.
After browsing through houses for a few weeks on Zillow, Trulia, Movado, etc. I was feeling so overwhelmed and then God sent an angel! Mary called me out of the blue and I didn’t know what to do but accept her assistance. I am so glad I did! She has made the hassle of house searching and buying such a memorable and enjoyable experience. Mary has been upfront with us about each house we’ve looked at, giving us the positives and negatives. Mary wasn’t just interested in selling us a house. S…
Steven and Sarah Stogner
Without a doubt, this has been the best home purchasing experience. I am so impress with everyone at Amanda & Associates. David Becher was exceptional! He contacted me on a regular basis and understood my goals. Finding the perfect cottage on the Gulf Coast has moved me one step closer to retiring in such a beautiful and fun area. Brittany Brackett is another person I want to acknowledge. She consistently communicated with me on the administrative paperwork. Because of her attention to detail, …
We contacted Amanda & Associates in December 2015 and was put in contact with Jordyn Favret. From day one, Jordyn was thorough and professional. She went above and beyond to deal with an extremely difficult seller even spending hours in the evening and on the weekends to close the deal on the property. Jordyn answered all of our questions and when she didn’t know the answer, she made the effort to investigate it and get back with us in a timely manner. She met with the rental manager and viewed …
“As a first time home buyer, I didn’t really know of what to expect. After meeting with Amanda and talking with her the first time, I felt comfortable enough to ask lots of questions and she was very patient with me. As we closed on our house today, I cannot be any happier that Amanda’s team is the one that helped me along the way. She has gone above and beyond my expectations. Thank you to your team for a great job!”
“Amanda’s team helped us sell our house and they were fantastic! We had to move across the country and they were very prompt about finding a buyer and taking care of everything. Amanda has wonderful responsiveness and is very good about communicating all knowledge about selling a house. Highly recommend!!”
Andrea & Kyle Woodard
“Amanda’s team really went above and beyond for me while trying to sell my house. I live out of state and Amanda was valuable in several aspects, even going as far as checking on the plumbing during the ice storm that struck south Mississippi this past winter. I’m very pleased with the service that was provided and I highly recommend them.”
They do very well in getting the information needed for you so you can decide on the property being reviewed. Very professional and quick to respond. They keep you informed on all steps during the process of the purchase.