- 2019 Posts

  1. Is It Time to Refinance? Here Are The Steps You Need to Take
  2. Saving For Your First Home? Here’s Everything You Need to Know
  3. Options, Options, Options
  4. A Personalized Approach
  5. Credit Confusion
  6. Building Your Dream Home
  7. Tax Time in Wisconsin
  8. Don’t Let Intimidation Get in the Way of Home Ownership
  9. Setting Financial Goals for the New Year
  10. Buying a home after bankruptcy

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Mortgage Pre-Approval Advantages

December 20, 2016

Considering whether or not you should get pre-qualified before looking for your dream home? It's an excellent idea, for a few important reasons. 


Know your target price - getting pre-approved gives you a well-defined price range, allowing you to focus on home in your price range. Real Estate agents will be far more accommodating if you are pre-approved. Since they work on commission, they want to use their valuable time wisely by helping those that have made an effort and have been pre-approved for home buying. 


Additionally, many Sellers won't consider your offer without a pre-approval letter. 


So what do you need to start your loan process? Here at GSF we make getting pre-approved as easy as possible, and know exactly what we need to help you start your process. Here's a short list of the most common documents you will need, though, depending on your situation this list could change. 


  1. Identification - State issued ID, Driver’s License, or a valid Passport for all borrowers. 
  2. Tax Returns - The most recent 2 years of tax returns.
  3. W-2's - W-2 Statements are needed for all borrowers.
  4. Pay Stubs - 30 days of the most recent pay stubs from your current employer(s).
  5. Bank Statements - 2 months of your most recent bank statements for all savings, checking and 401K accounts.


Other documents you may be asked for if it applies to your situation: 

  • Mortgage Gift Letter
  • Divorce Decree
  • Pension Statement
  • Social Security and/or Disability Statement

Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
NMLS #222688 & 1018