HOPE STATE LIVING Real Estate with Jess Powers
  • HOME
  • HOME BUYER BOOTCAMP
  • MARKET NEWS
  • LIVING IN RI
    • Living in East Greenwich
    • Living in Cranston
    • Living in Edgewood Cranston
    • Living in Pawtuxet Village
    • Living in East Side PVD
    • Living in Elmhurst PVD
    • Living In Warwick
  • BLOG
  • BUYERS
  • SELLERS
  • WORKSHOPS
  • About Me.....
    • MY TEAM
  • CONTACT
  • What's My Home Worth
  • First Time Home Buyer
  • Making an Offer on a house
  • Your accepted offer: now what?
  • Closing Checklist
  • Mortgage Calculator
  • Seller Guide
  • PPS Bash

STEP ONE: Understanding Your Loan + Pre-Approval

You need to understand the type of loan that you’re planning to use to finance your property: Conventional Loan, FHA, VA, RI Housing, etc. I also recommend that you understand how to use a mortgage calculator— when deciding how much to offer on a property you want to know if you have any room to go up $10k, 20k, 30k, 60k over the list price & understand the difference in the down payment & monthly mortgage amount. Base your decisions in FACTS rather than an opinion or belief. 

What documents does your lender require to pre-approve you for a loan:
Past 2 years tax returns
2-3 most recent paystubs
3-6 months bank statements for ALL accounts
Date of Birth
Social Security Number
Approval to run a credit check

Here are my top Lender contacts
How to use a Mortgage Calculator video
Loan options to understand before chatting with a lender

Additional tips to read or watch: 
What does it cost to buy a house: additional costs to keep in mind like the inspection & appraisal
Surprise Costs you need to know when buying (similar info but video)
Do’s & Don’ts When applying for a mortgage
The Loan Process Infographic
Understanding the Estimated Closing Disclosure + Closing Disclosure (blog post by one of my top lenders)

JESS POWERS
eXp Realty
​Associate Broker

​401-559-7674
jesslpowers84@gmail.com
eXp Realty
​Serving communities throughout
Rhode Island
​  Southern MA & Eastern CT
RI License #: REB.0018505
MA license #: CN237390
CT license #: 
RES.0823074
RI office: 101 Franklin St Westerly, RI 02891


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SITE BY M I N T

  • HOME
  • HOME BUYER BOOTCAMP
  • MARKET NEWS
  • LIVING IN RI
    • Living in East Greenwich
    • Living in Cranston
    • Living in Edgewood Cranston
    • Living in Pawtuxet Village
    • Living in East Side PVD
    • Living in Elmhurst PVD
    • Living In Warwick
  • BLOG
  • BUYERS
  • SELLERS
  • WORKSHOPS
  • About Me.....
    • MY TEAM
  • CONTACT
  • What's My Home Worth
  • First Time Home Buyer
  • Making an Offer on a house
  • Your accepted offer: now what?
  • Closing Checklist
  • Mortgage Calculator
  • Seller Guide
  • PPS Bash