Engel Volkers - Dallas A4 - Flipbook - Page 60
E n g E l & Vö l k E r s | DA l l A s F O r T WO r T H
Are your 昀椀nances in order?
We recommend researching and finding out exactly what you can afford
or want to spend on a home.
In Texas, when you present an offer, it must include a letter from your financial advisor stating that you have the funds on
deposit if you are paying cash or an approval letter from a mortgage banker regarding what you are pre-approved for.
If you are obtaining a mortgage, you will need to work closely with your mortgage officer to complete an application and then
provide all backup documentation for the application. The process is quite personal, as you will need to divulge all financial
records, tax returns, and even provide verification letters from your employers and beyond.
Consulting with a seasoned loan advisor is essential; they will help you decide which product is appropriate for your situation.
remember, it is not all about the interest rate; there could be other costs and factors where paying a different rate will cost
you less.
Your real estate advisor can provide you with several loan advisors, as each one will specialize in different products to fit the
diverse needs of buyers.
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