The pre-qualification process can be easy and swift. At Wain Capital we want to move as fast or as slow as you want. We will advise you based on your goals and your affordability.
Before you send documentation we can discuss general numbers and scenarios. When we have your documents we can give you hard numbers, such as sales price, loan amount, down payment, and current interest rates. We will review your credit, your budget and your goals to ensure they are in line with your qualified loan amount.
Just because you can qualify for a certain amount doesn't mean you want a monthly payment for that amount.
To apply for a loan, you will have to provide the lender with detailed documentation of your financial history. The lender will request a credit report and will verify the information in your loan application
Documents to Gather:
- Drivers License
- Two recent pay stubs
- Two years of W-2 forms
- Two months of all major asset accounts (Checking, Savings, and Retirement accounts)