Frequently Asked Questions

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Getting pre-approved is the first time to qualify for a home loan. The preapproval is based on your current financial situation (credit score, debt-to-income ratio, and qualifying documentation). It gives you the purchasing power to make an offer on a home. Depending on the type of loan your qualify for, you will need to provide your loan officer with the following information:

• Previous two years of tax returns and W2s
• Paystubs and bank statements for three months
• List of debts and assets
• Any additional income documentation, if applicable
• A hard credit check (your LO will run this on your behalf)

Your pre-approval letter is valid for 60-90 days but will depend on if any significant financial changes occurred during that time.

If you’re considering buying a home, you need to contact your local mortgage broker Align Lending, to understand your options! Your dedicated loan officer will become your essential partner in taking the next steps and will discuss your options to lower your rate, pay off debt, take cash out, or purchase your dream home. 

Each of the mortgage types that Align Lending offers is unique and dependent on your current financial situation. Depending on your budget, you may need to work with your loan officer to explore multiple options that best fit your preference, qualifications, and finances. We offer a variety of loan programs such as Conventional, FHA, VA, USDA, and Jumbo. 

Align Lending prides itself on fast technology and customer service! Applying for a mortgage only takes 15 minutes of your time. Once you submit the home loan application, it takes our team around 20 minutes to run your loan programs and issue a pre-approval letter. Let us help you get ready for your next step!  

First, congratulations! You will sign and review several closing documents and provide the downpayment via a certified check or wire transfer. This will also include verifying your homeowner's insurance, escrow services, and getting the keys to your house. You’ll be in close contact with your loan officer and real estate agent to ensure you’re ready for the big day. 

Align lending is an independent mortgage broker in Michigan that works as an intermediary between the homebuyer and the lender. Brokers advocate for buyers by shopping for the best loan option - which often results in a cheaper and easier mortgage! An online lender or traditional bank will only sell you their loan products and often results in higher fees.

While there are several lenders and mortgage brokers you could work with, delivering exceptional customer service, from the minute you apply to close on the home loan, is the value that Align Lending is built on. Ask yourself:

• Do you want a loan officer to return your calls? 
• Do you feel comfortable asking a loan officer a question? 
• Do you feel heard?
• Do you want to work with an unbiased loan officer? 

With the proper loan officer, the answer should be a resounding "Yes!" As an independent mortgage broker, Align Lending provides the power of wholesale mortgage rates without all the high overhead costs, while still delivering exceptional communication.