Mortgage Basics:  How to Get a Mortgage

• 1) The first step in the loan process is getting pre-qualified. This is the perfect time to begin our pre-qualification process if you haven't already done so. It allows you to take two steps at once.
  
   2) Give some consideration to the type of mortgage you want. We have provided description of the most common loan products for you to review here .
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  3) The next step in the loan process is the loan interview with John Passmore of CFL Mortgage. Call John @ 336-855-5715.
  
  

• 4) Be prepared to provide your financial records, including last year's W-2 or tax returns, pay stubs for the last 30 days and most recent bank account statement or brokerage account statement. You will also need to discuss your capacity to repay the debt of the loan, your credit history, and your financial ability to make a down payment and meet closing costs.