The first step to the home buying process helps you understand how much you can afford.

 

Mortgage pre-approval helps you set realistic expectations with your home buying experience. Your choice of neighborhoods, school systems, and Town/Cities is all based upon affordability.

 

In today's marketplace, sellers require a Mortgage Pre-Approval to view active listings for sale in the market. In addition, it is a requirement included with any offers you submit for purchase. In essence, you cannot start the buying process without a Mortgage Pre-Approval.

 

What do I need for Mortgage Pre-Approval?

 

The steps needed to obtain a Mortgage Pre-Approval Letter are as follows:

 

• Verification of Employment 

• Credit Check (You will need to meet the minimum credit score requirements for your desired loan amount)

• Bank Statements (Your two most recent bank statements)

• Tax Documents (W-2 and income tax returns for the past two years)

• Down Payment 

 

This process is swift and starts via a web link, with responses to pre-approval requests answered in as little as 24 hours.

 

Not all Mortgage Bankers, Brokers, or Banks are equal. Some provide a higher level of service with lower interest rates than others. 

 

The Porteous Team has had the best results with Mortgage Bankers, who specialize in residential mortgages only.

See below for our preferred Mortgage Bankers that we work with;

 

PrimeLending - Contact: Brian Williams Location: Shelton, CT PH: (203) 944-9805 Website: lo.primelending.com/bwilliams 

 

Envoy Mortgage - Contact: Melissa Mason PH:(203) 674-1397 Email: mmason@envoymortgage.com 

 

Fairway Mortgage - Contact: Dan L'atrella PH:(203) 712-1177 Email: danl@fairwaymc.com