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Buying A Home
If you are thinking about purchasing a home, we
are here to help you with the process. Many people are buying
their first home, or selling their present home and purchasing
larger accommodations.
Whatever the reason, give us a call or E-mail us
at mortgage@snbomaha.com.
Our phone number is (402) 334-9669. We will help to effectively
and promptly handle your real estate transaction.
Refinancing Your Home
Have you recently acquired a second mortgage or
a home equity loan? With the current low interest rates, you may
be able to combine or consolidate debts with high interest rates.
This consolidation may allow conversion of a 30-year loan into a
15-year mortgage with similar or slightly higher payments. The
advantage is reducing the number of years you will pay on your
mortgage.
If you have any questions about whether you
would "qualify" for refinancing, please call us at (402) 334-9669
or Email us at
mortgage@snbomaha.com.
"What Do I Need To Apply For A Home Loan?"
Here are the answers:
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A copy of the purchase agreement. (Unless your
are pre-qualifying / or refinancing)
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Your addresses for the past 2 years. Be sure
to include landlord's name, address and telephone numbers.
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Name and address of each employer for the past
2 years.
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Gross monthly salary (before taxes/deductions)
and your most current year-to-date pay stub.
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Name of the financial institution, address,
account numbers and balances for all checking and savings
accounts, and the most recent, past 2 months of bank statements.
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A complete list of debts including name,
address, account numbers and balances of anyone you owe money
to. This includes all open loans, credit cards, student loans,
and lines of credit with balances on them.
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Completed tax returns and W-2's for the past 2
years. (Self-employed and commissioned)
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Money for a credit report and appraisal. (Yes,
you can write a check.)
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A copy of final divorce papers, if applicable.
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Address of any other real estate owned, with
lease agreements, if applicable.
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If you are self-employed or are considering
refinancing, e-mail us at
mortgage@snbomaha.com for requirements or call during normal
business hours. Our phone number is (402) 334-9669.
The What, Why & Hows of PRE-QUALIFYING
WHAT IS "PRE-QUALIFYING"?
Pre-qualifying is preliminary pre-approval for a loan.
WHY SHOULD I PRE-QUALIFY?
With your information, we can tell you how much you can borrow for
a new home and what type of loan would best suit you. We can do
this at no cost to you or if you'd prefer we can start the loan
process when you pay a minimal fee for a credit report. We'll give
you a general idea of the total cost involved with the purchase or
refinancing of your home. (We say "general" because until we know
the exact property, there are too many variables that are subject
to change, i.e. property taxes, actual cost of the property,
etc.).
By knowing how much loan you can afford, the
Realtor you choose should direct you to properties that are no
more than what you have been approved for. Just because you are
pre-qualified for a specific dollar amount doesn't necessarily
mean you have to spend that much. You decide how much you are
comfortable with. You'll need to tell your Realtor that you have
pre-qualified for your loan and how much of the amount you are
comfortable with.
The second objective of pre-qualifying is
getting you the home you want. Often, especially in the Omaha
market, the seller will deal better or accept the offer of,
someone who is pre-qualified before others, even if the offer is
lower. The mystery of whether the buyer can afford the seller's
property is removed and the sale is ensured. Generally most of the
paperwork for the loan is complete, the transaction of the sale is
much quicker, allowing both parties to move sooner. This is an
added incentive for the seller to accept your offer.
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