Hi, My name is Bill Nickerson and I am a Senior Loan Officer with PHH Home Loans. A company that started back in 1946. I have been providing residential mortgages since 1991.
One of the steps in preparing yourself for home ownership is to obtain an approval from your lender or bank. This process involves filling out a mortgage application and this can be done online, in person and even through the mail.
This process is done without identifying a property, we would use a range of purchase prices with your down payment to create payments that you are comfortable with. It is important to understand that it is not what you are approved for, but what you are comfortable paying each month while carrying your traditional living expenses. You will want to develop a long term plan, 5 to 10 years of what your goals will be with home ownership. This will help you with budgeting and planning for the size of home you that will best suit your financial needs.
In addition to the application, we will be looking to verify your income, assets and debts through pay-stubs, bank statements and pulling your credit. Once we have these items in hand, the approval process will take about an hour to confirm this information and provide you with an official approval letter. Here is a detailed list of the items needed for your approval, Documents Needed.
I work closely with your real estate agent and real estate attorney to help coordinate your offer and the purchase of your new home.
To apply for a mortgage, you can click here Apply Online, once completed, I will receive an email alert and will begin the process immediately for you.PHH Home Loans 4 Monument Square, Leominster MA 01463 www.billnickerson.com 978-273-3227