inception-app-prod/YzJkYjIzN2EtZDNmZC00MzVmLWI1YzktMGNiOTQ4ZmE4ODE5%2Flogo%2F2015%2F02%2FEXIT_LOGO_RGB_BLACK_final.png
The Best Place to Find Your Home
  • Home
  • About
  • Agents
  • Listings Search
    • $250,000-$500,000
    • $500,000-$750,000
    • $750,000+
  • What’s Your Home Worth
  • Seller
    • Pricing Your Home
    • Short Sale Selling
    • 8 Step to Selling Home
  • Buyer
    • 8 Steps to Buying a Home
    • Buying with EXIT realty 360
    • Buying Foreclosures
    • Mortgage
  • Featured Areas
  • Relocation
  • Real Estate Careers
  • Blog
  • Our Office Listings
  • Apartment Locator
    • University of Houston Discount
  • Contact
  • Buyer Resources
    • 4 Questions to Ask Before Buying a Home
  • Seller Resources
    • 4 Questions to Ask Before Selling a Home
  • Testimonials
inception-app-prod/YzJkYjIzN2EtZDNmZC00MzVmLWI1YzktMGNiOTQ4ZmE4ODE5%2Flogo%2F2015%2F02%2FEXIT_LOGO_very small.png
713-987-7000
admin@exitrealty360.com
Sign In
Sign Up
inception-app-prod/YzJkYjIzN2EtZDNmZC00MzVmLWI1YzktMGNiOTQ4ZmE4ODE5%2Flogo%2F2015%2F02%2FEXIT_LOGO_RGB_BLACK_final.png
The Best Place to Find Your Home
  • Home
  • About
  • Agents
  • Listings Search
    • $250,000-$500,000
    • $500,000-$750,000
    • $750,000+
  • What’s Your Home Worth
  • Seller
    • Pricing Your Home
    • Short Sale Selling
    • 8 Step to Selling Home
  • Buyer
    • 8 Steps to Buying a Home
    • Buying with EXIT realty 360
    • Buying Foreclosures
    • Mortgage
  • Featured Areas
  • Relocation
  • Real Estate Careers
  • Blog
  • Our Office Listings
  • Apartment Locator
    • University of Houston Discount
  • Contact
  • Buyer Resources
    • 4 Questions to Ask Before Buying a Home
  • Seller Resources
    • 4 Questions to Ask Before Selling a Home
  • Testimonials
inception-app-prod/YzJkYjIzN2EtZDNmZC00MzVmLWI1YzktMGNiOTQ4ZmE4ODE5%2Flogo%2F2015%2F02%2FEXIT_LOGO_RGB_BLACK_final.png
The Best Place to Find Your Home

Mortgage

Mortgage

The concept of a mortgage is quite simple. It's basically a loan for a home wherein the property itself is used as collateral.

Securing a mortgage, however, can be complex. The process may take more than a month, as several parties – from the escrow officer to the loan underwriter – work behind the scenes to put it all together.

A trusted real estate agent can recommend a reputable mortgage professional and help you navigate through the process.


Finding the Right Mortage Professional

A EXIT REAL 360 agent can help you find a solid lender or broker. You might also ask friends, family members and colleagues for references.

When interviewing lenders and mortgage brokers, consider asking the following questions:

  • What fees are involved?
    • What types of mortgages might I qualify for?
    • What interest rates are available for different types of mortgages?
    • Can I lock in an interest rate? Will it cost me anything to do that?
    • What are the closing costs? Can I wrap these costs into the mortgage?
    • How much cash will I have to bring to closing?
    • How long will it take to process my loan?
    • Are there special programs I might be eligible for?
    • Can I get references of customers you've worked with in the last two years?
    • How many lenders do you work with? (For mortgage brokers only.)
    • How are you paid? How do you make money on my loan? (For mortgage brokers only.)
  • Getting preapproved is simply a matter of your lender checking your financial situation and writing a letter stating that it would be willing to lend you a certain amount of money.

    You'll need to assemble several documents to start the preapproval process:

    Don't open new credit card accounts or take on any new debt for at least six months (and even up to a year) before shopping for a mortgage

    • Federal tax returns for the last two years.
    • W2s (or 1099 statements) for the last two years.
    • Bank statements for the last two months.
    • Recent pay stubs and proof of any other income.
    • Proof of assets (stocks, mutual funds).
    • Information about your current debts.
    • Information about the source of your down payment, including gifts.


    Have a question?

    Send
    Submitting
    Succes! Your message was sent!
    Oops! Error occurred.

    Search listings

    Enter city, zip, neighborhood, address…
    Loading in progress…
    No results found
    Type in anything you’re looking for
    Search

    About

    inception-app-prod/YzJkYjIzN2EtZDNmZC00MzVmLWI1YzktMGNiOTQ4ZmE4ODE5%2Flogo%2F2015%2F02%2FEXIT_LOGO_very small.png
    EXIT REALTY 360
    Real estate
    O: 713-987-7000
    admin@exitrealty360.com
    Real Estate Experts
    ABR
    EHO
    MLS
    Realtor
    SFR
    SRES
    ABR
    EHO
    MLS
    Realtor
    SFR
    SRES

    Office

    EXIT REALTY 360
    4012 Chartres StHouston
    TX 77004
    713-987-7000
    admin@exitrealty360.com

    About us

    • Home
    • About
    • Listings Search
    • $250,000-$500,000
    • $500,000-$750,000
    • $750,000+
    • What’s Your Home Worth
    • Seller
    • Pricing Your Home
    • Short Sale Selling
    • 8 Step to Selling Home
    • Buyer
    • 8 Steps to Buying a Home
    • Buying with EXIT realty 360
    • Buying Foreclosures
    • Mortgage
    • Featured Areas
    • Relocation
    • Agent
    • Real Estate Careers
    • Blog
    • Our Office Listings
    • Apartment Locator
    • University of Houston Discount
    • Contact
    • Buyer Resources
    • 4 Questions to Ask Before Buying a Home
    • Seller Resources
    • 4 Questions to Ask Before Selling a Home
    • Testimonials

    Consumer Protection & Privacy

    • TREC INFORMATION ABOUT BROKERAGE SERVICES
    • TREC CONSUMER PROTECTION NOTICE
    • Accessibility
    • DMCA Compliance
    For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information you seek through an alternate communication method.
    inception-app-prod/YzJkYjIzN2EtZDNmZC00MzVmLWI1YzktMGNiOTQ4ZmE4ODE5%2Flogo%2F2015%2F02%2FEXIT_LOGO_RGB_BLACK_final.png

    © 2022 All rights reserved

    Created with Placester

    Sign in

    Sign In
    Forgot your password?
    Create an account
    You have been successfully logged in
    The page will reload automatically.
    Go to the homepage
    Sorry something went wrong
    Login or password are incorrect. Please try again.
    Try again

    Sign Up

    Sign Up
    Already a User? Sign In
    You have been successfully registered
    Please check your email.
    Go to the homepage
    Sorry something went wrong
    Please try again.
    Try again

    Reset password

    Enter your email address

    Reset password
    Return to Log In
    Reset password email has been sent.
    Go to the homepage
    Sorry something went wrong
    Please try again.
    Try again

    Change password

    Change password
    Sign Up
    Your password has been successfully reset.
    Go to the homepage
    Sorry something went wrong
    Please try again.
    Try again
    Send
    Succes! Your message was sent!
    Back to homepage
    Oops! Error occurred.
    Please try again.
    Back to form
    Already a User? Sign In

    Account verification in progress

    Please wait...

    Account Verified!
    You may now log in into your account
    Go to the homepage
    Verify your email address
    In order to log in to your account, you need to confirm your email address. Please check your inbox!
    Go to the homepage

    Share this listing

    Copy Link