[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1r471kq5sb2zm":3,"$ffeh0925h8cuz":38,"$fbwk2pqjjqsc7":42},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},1206,"taking-fear-out-of-the-mortgage-process","Taking Fear Out of the Mortgage Process","A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F15144631\u002F20181031-Share-STM.jpg","A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>For many, the mortgage process can be scary, but it doesn’t have to be!\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIn order to qualify in today’s market, you’ll need a down payment\u003Cem> (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less)\u003C\u002Fem>, a stable income, and good credit history.\r\n\r\nThroughout the entire home buying process, you will interact with many different professionals who will all perform necessary roles. These professionals are also valuable resources for you.\r\n\r\nOnce you’re ready to apply, here are 5 easy steps that \u003Cem>Freddie Mac\u003C\u002Fem> \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fblog\u002Fhomeownership\u002F20160223_hiw_mortgage_application.page\">suggests\u003C\u002Fa> to follow:\r\n\u003Col>\r\n \t\u003Cli>\u003Cstrong>Find out your current credit history & score\u003C\u002Fstrong> – even if you don’t have perfect credit, you may already qualify for a loan. The average FICO Score® of all closed loans in September was 731, according to \u003Cem>Ellie Mae.\u003C\u002Fem>\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Start gathering all of your documentation\u003C\u002Fstrong> – income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Contact a professional\u003C\u002Fstrong> – your real estate agent will be able to recommend a loan officer who can help you develop a spending plan, as well as help you determine how much home you can afford.\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Consult with your lender\u003C\u002Fstrong> – he or she will review your income, expenses, and financial goals in order to determine the type and amount of mortgage you qualify for.\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>Talk to your lender about pre-approval\u003C\u002Fstrong> – a pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers that you are serious about buying!\u003C\u002Fli>\r\n\u003C\u002Fol>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nDo your research, reach out to professionals, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.","\r\nDo your research, reach out to professionals, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.",false,[16,20],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers","2018-10-31T10:00:55Z","2018-10-22T15:37:04Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},1205,"are-you-spending-too-much-on-rent","Are You Spending TOO Much on Rent?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F10\u002F15131844\u002F20181030-Share-STM1.jpg","2018-10-30T10:00:02Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},1207,"how-will-home-sales-measure-up-next-year","How Will Home Sales Measure Up Next 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