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Do’s and Don’ts of the Mortgage Industry

Understanding the mortgage industry can be tricky for anyone. Thankfully, with the help of the top-rated Long Beach mortgage broker, Long Beach Home Loan, we’re here to help provide you with all the answers to any questions you might have about mortgages.

Here’s a top list of the do’s and don’ts of the mortgage industry.

Do Get Pre Approved

You can determine exactly how much you can afford when you get preapproved for a home loan. Other benefits to getting preapproved include:

  • More competitive buyer
  • Look more appealing to sellers
  • Stay within your price range

Don’t Think You Have to Do It Alone

Never go through the mortgage process on your own. Don’t be afraid to work with home buying professionals. Some you might be interested in working with include:

  • Mortgage brokers
  • Loan officers
  • Real estate agents

Do Ask Questions

Buying a home is a huge purchase, so you want to make sure you have all of your questions answered. Don’t be in a position where you feel uncomfortable getting the answers you deserve. Find yourself home buying professionals who are happy to help every step of the way.

Don’t Make Large Deposits

Even if you are using gift funds to purchase your home, your mortgage lender must document where your funds are coming from. If you have gift funds coming in, make sure there is a clear paper trail.

Call Long Beach Home Loan Today!

Finding a mortgage broker that is a good fit for you is not always easy. Rather than add to the mortgage process’s stress by searching for a qualified mortgage broker, give us a call at Long Beach Home Loan to speak with one of our brokers today.

At Long Beach Home Loan, we have the same critical tools and mortgage products as the larger banks but are a family-based local business that focuses on serving our clients, not the corporation.

Long Beach Home Loan is a well-versed business with customized services to help you with all of your home loan advising needs. Call us at 562-340-9453 or visit us online for a FREE evaluation of your real estate needs.

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Licensing

Jack Skovgard
Long Beach Home Loan
Mortgage Loan Originator
NMLS: 1448432
CalBRE: 01994726

Equal Housing Lender

Contact Us

Jack Skovgard of Long Beach Home Loan
1650 Ximeno Ave
Suite 210
Long Beach, CA 90804

Hours:
Mon-Fri:
 8:00 am - 6:00 pm
(After 6:00 pm by Appt)
Sat/Sun: By Appointment