Getting Prequalified for a new mortgage in 2022

by Darin Rhodesin Get Startedon Posted on

Looking for a new mortgage in 2022?

It’s no secret that the real estate and mortgage market has gone through unprecedented times in the last couple of years.

The remarkable thing is that the moves are positive for most people. Home values sit at all-time highs while mortgage rates sit at all-time lows. Affordability can be challenging, but getting a game-plan together early will be key to buying that sweet home of your dreams.

A few tricks of the trade that will make your mortgage qualifying experience easier:

  1. Don’t acquire debt prior to buying a home (if you can help it). For example, if you’re looking to buy a car and a home in the same year, buy the home first.
  2. Save your money. Refrain from buying frivolous things. Cash savings will give you options that you may not have had. Keep putting money away, you’ll be glad you did.
  3. If you have high credit card balances, pay those down but DON’T close your credit card accounts. You may have to strike a balance between saving and paying down debt. But, if your credit scores are suffering because of high credit card balances, work the credit cards down before saving for the down payment. There are more down payment assistance options than there are low credit score options.
  4. Get a income profile report. Contact us, we’ll help you through that.
  5. The last, and maybe most important:

But here’s the most important point: Start exploring your options today so you’re prepared for tomorrow.

Here’s my offer to you from my team as one of Utah’s top mortgage brokers:

We will personally and cheerfully walk through your current home-buying profile. We’ll look at your:

  1. Current Income
  2. Credit Profile
  3. Assets and down payment situation
  4. Hopes and dreams
  5. Deepest (home buying) Fears

Then, we’ll help you map out:

  1. Best loan program
  2. How to get the lowest house payment
  3. Mortgage Loan Term options
  4. Down payment options
  5. Everything you’ll need to start on the path to your hopes and dreams.
  6. Allay your (home buying) fears.

You can start RIGHT NOW, by describing what you want to using this simple form:

Your info will come right to me and my team, where we’ll get to work. If you want to simply chat on the phone right away, that’s easy too. Just hit us up through whatever way you like best from our Contact Page.

About Post Author

Darin Rhodes

A bio is a funny thing, they’re usually written in the third person as if a journalist surprised you one morning ringing your doorbell. “What, you want to interview ME?”

The cold, hard truth is our business interest in each other really comes down to one thing: “can this person help me get what I want?”

In that spirit, my most basic hope, coupled with my deepest desire, is the products, service, knowledge, and experience I have acquired over the years can be laser-focused on one thing: helping you get what you want.

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