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Our Story September 11, 2019

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The Impeccable Irene September 4, 2019

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It’s winning season! Simply use your Great Basin Visa Credit Card, or any other Visa,... Read More September 3, 2019
A rate discount when you purchase from Enterprise and finance with Great Basin is just... Read More August 31, 2019
The Sparks Crossing Branch is temporarily closed due to an emergency; everyone is safe. We... Read More August 30, 2019
There is a new type of fraud on the rise called a Port-Out Scam. Learn... Read More August 30, 2019
We will be closed this Saturday through Monday in observance of Labor Day. Most transactions... Read More August 30, 2019
The Northwest Branch’s drive-up ATM is down and unfortunately will not be able to be... Read More August 29, 2019
Who’s going to the rib cook off this weekend?? Read More August 29, 2019
Explore The Credit Union Difference and the Great Basin Difference https://www.greatbasin.org/16949/ive-learned-working-credit-union/What I’ve Learned from Working... Read More August 29, 2019

Are You Ready For A Home Loan?

Have you ever thought that you would love to own a home but never got started because of the intimidating loan process? Never fear – whether you are thinking about buying a home in a month, 6 months, or even a year, mortgage loan officers are here specifically to be a helpful tool to you! A perfect first step is to meet so they can help with gathering items, making sure everything is financially in order, and answering any questions that you have so that you are comfortable and prepared.

Now that you and your loan officer have decided you are ready, it is time to get pre-approved. Most realtors will require a pre-approval letter before they will start showing you homes. The first question you will be asked in the application process is what amount you would like your loan to be. “I would like a $900,000 home, and can I get a loan for a golf cart?” “I can afford about $1000 per month. How much should my loan be?” There are a lot of great mortgage calculators online to help with that. Again, your loan officer can be a resource for helping you determine things like a final loan amount you can qualify for and the monthly mortgage payment amount you are able to afford.

After determining a loan amount, you can apply for your pre-approval. May we suggest Great Basin FCU? We do not charge a fee to apply and offer a short, basic process. For any lender you choose, make sure you are aware of any fees and are being offered the greatest of service from your loan officer. After you apply, your loan officer may contact you to discuss some information in more detail and start gathering some paperwork. When a pre-approval is reached, the loan officer will issue you two documents; the pre-approval letter and a document request letter. You can now take the pre-approval letter to your realtor and start shopping for a home, and get the required document copies to your loan officer as soon as possible so that your file is ready when you put in an offer on a home.

And voila – home sweet home. That wasn’t so hard, was it?

 

For more information, please feel free to contact Kristy in our Mortgage Department  at 775.789.3138.

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