What Is Pre-approval?
Getting approved for a loan prior to your home search is a smart move that offers several advantages. It gives you a benchmark for how much you can afford, helping you narrow down your home search from the start. It also allows you to be taken more seriously in the bidding stage, which can help tremendously in your negotiations, especially when dealing with distressed properties.
Getting preapproved is simply a matter of your lender checking your financial situation and writing a letter stating that it would be willing to lend you a certain amount of money.
You'll need to assemble several documents to start the preapproval process:
• Federal tax returns for the last two years.
• W2s (or 1099 statements) for the last two years.
• Bank statements for the last two months.
• Recent pay stubs and proof of any other income.
• Proof of assets (stocks, mutual funds).
• Information about your current debts.
• Information about the source of your down payment, including gifts.
TIP
Don't open new credit card accounts or take on any new debt for at least six months (and even up to a year) before shopping for a mortgage
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Janie Eick
Cell: 712.339.0574
Greg Sheeler
Cell: 712.330.1573
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Starbucks
Starbucks is located in the HY-VEE grocery store in Spirit Lake. The employees at this location are amazing. They will always provide you with great service. Even if you are not a coffee fan make sure to stop in and try one of their freshly baked muffins or cake pops!
Great Lakes Dental Center PC
From first contact at Great Lakes Dental Center, PC, we are committed to your individual attention and strive to provide personalized oral health care tailored for your unique dental needs and goals. We work hard to create the ultimate stress-free and comfortable dental experience. Your health and comfort are our top priorities, and we do what it takes to help every patient understand their symptoms and treatment options in a relaxed office setting.
Central Emporium
The Central Emporium is the best variety of shops and attractions, all under one roof! This location features shops for swimsuits, sweatshirts, jewelry, decorations for your home and some things that are just for fun. Find sweet treats at the candy store, enjoy a lakeside lunch or cocktail at the lower level patio bar, or have dinner with an amazing view of West Lake. Make sure to stop at the Central Emporium on your next Okoboji summer vacation.