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Process
Know more about the loan application process in detail and give you some tips on how to get a
mortgage. If you would like more information about Nevada mortgage loans or mortgage rates in
Reno, Minden, Carson City and the surrounding areas, contact Patrick Winchell today.
Prequalification
This step gives you the early notice of being qualified for a loan from a mortgage lender like
Movement Mortgage, and also increases your potential by being listed as a cash buyer when
negotiations begin.
Outstanding Debts
Other Loans
Additional Assets
Yearly Income
Submitting Paperwork
Although we live in a green age, paperwork is still needed for the mortgage application. You will
need to submit additional paperwork with the application, including:
2 years of W2s
2 months of bank statements
1 month of paystubs
Now you can start to look for your new home in Reno, Carson City, Minden, Sparks, and the
surrounding areas. Finding one can be challenging, but with the knowledge of what you qualify for
and the support of your mortgage loan officer, you can focus on your search. Things to consider
while negotiating for the home are price, closing costs and date, seller concessions, and possibly
the length or term of the mortgage loan.
Underwriting
An Underwriter will look over your loan application from start to finish. Once done, they will see if
any additional information is required and then make the decision to approve your loan.