Central Iowa Real Estate Podcast with Misty Soldwisch

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Today, a special guest joins us to demystify the mortgage process. Eric Bokker, a mortgage professional with Lincoln Savings Bank, will share some tips that will help you prepare for getting a mortgage!

If you're planning on moving within the next year or so, it's never too early to talk to a mortgage banker. When you do, you'll learn how the entire process will play out; the mortgage professional will pull your credit and make sure you're in good financial standing before you begin looking for homes. If there are problems with your credit, coming in early will give you plenty of time to address them.

If you come in early and your finances are in good order, it's simply a matter of waiting for your lender to get you prepared with the right documentation. They will explain the funds you'll need in order to close, what kind of loan you are eligible for, and other minutiae of the process. Your lender will need two years of full tax returns, two years of W2s, your last 30 days of pay stubs, and also two months of bank statements.

Lincoln Savings Bank is a small community bank that started in 1902 in the Waterloo area. In 2011, they moved to the Des Moines Metro area, and are here in Central Iowa to serve the community. They pride themselves on providing more personalized service than the national banks, so be sure to check out what they're all about!

If you have any additional questions about the mortgage process, or if you need real estate help of any kind, give us a call or shoot us a quick email. We are always available to help you!