{"id":8985,"date":"2022-02-11T11:02:39","date_gmt":"2022-02-11T19:02:39","guid":{"rendered":"https:\/\/www.flyhomes.com\/blog\/?p=8985"},"modified":"2022-05-26T11:23:36","modified_gmt":"2022-05-26T18:23:36","slug":"what-to-do-before-mortgage","status":"publish","type":"post","link":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/","title":{"rendered":"What to do before applying for a mortgage"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Secure a mortgage loan faster by checking off the items on this list<\/h2>\n\n\n\n<p>Applying for a home loan is an exciting time for first-time homebuyers. Depending on your financial situation, you may be wondering when is the right time to submit an application for a home loan.&nbsp;<\/p>\n\n\n\n<p>Becoming a homeowner is a major financial endeavor, requiring buyers to commit to monthly mortgage payments over the course of 15 to 30 years. Mortgage lenders want to be sure that you\u2019re able to make your monthly payments consistently and on time.&nbsp;<\/p>\n\n\n\n<p>In order to do this accurately, they evaluate a variety of factors concerning your financial standing such as your credit score, gross income, and outstanding debt. It\u2019s in the buyer\u2019s best interest that all of these factors are accounted for and shown in the best light before presenting them to a loan officer.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What you\u2019ll learn<\/h3>\n\n\n\n<p><strong>In this article<\/strong> you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">In this article<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d0c3bd35cf7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d0c3bd35cf7\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#Check_your_credit_score\" >Check your credit score<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#Reduce_your_debt-to-income_ratio\" >Reduce your debt-to-income ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#Create_a_home_savings_account\" >Create a home savings account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#Maintain_steady_employment\" >Maintain steady employment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#Gather_all_necessary_paperwork\" >Gather all necessary paperwork<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#Create_a_targeted_list_of_mortgage_lenders\" >Create a targeted list of mortgage lenders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#Get_pre-approved_and_lock_in_your_interest_rate\" >Get pre-approved and lock in your interest rate<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Check_your_credit_score\"><\/span>Check your credit score<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Whether or not you get approved for a mortgage loan depends heavily on your credit score. The higher your score, the more likely you are to get approved. A high credit score (740 or above) also betters the odds of you locking in a lower interest rate on that loan. Learn how to improve your credit score from Flyhomes experts <a href=\"https:\/\/www.flyhomes.com\/blog\/8-ways-to-improve-your-credit-score\/\">here.<\/a><\/p>\n\n\n\n<p>Check your credit report with all three of the major credit bureaus (Equifax, Experian, and TransUnion) before getting started on your mortgage application.&nbsp;<\/p>\n\n\n\n<p>While checking your credit report, you want to look at more than just your score. Take note of any errors or discrepancies that you don\u2019t recognize, as they may be signs of identity theft. Unfortunately, these errors can go unnoticed and are sometimes only discovered when you look at your full credit report. It can take time to dispute fraudulent claims or repair signs of failed monthly payments, so make sure you check your credit score at least six months before submitting a mortgage application.&nbsp;<\/p>\n\n\n<figure class=\"wp-block-unsplash-image wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"8986\" data-permalink=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/mcim2a6hlxs\/\" data-orig-file=\"https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=2560&amp;h=1707\" data-orig-size=\"2560,1707\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.4&quot;,&quot;credit&quot;:&quot;Joshua Mayo&quot;,&quot;camera&quot;:&quot;ILCE-6400&quot;,&quot;caption&quot;:&quot;Visit www.mayofi.com&quot;,&quot;created_timestamp&quot;:&quot;2020-11-23T23:13:10-05:00&quot;,&quot;copyright&quot;:&quot;Joshua Mayo&quot;,&quot;focal_length&quot;:&quot;16.0&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;man in gray hoodie holding black smartphone&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"\" data-image-description=\"&lt;p&gt;Visit www.mayofi.com&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Photo by &lt;a href=&quot;https:\/\/unsplash.com\/@mayofi&quot; rel=&quot;nofollow&quot;&gt;Joshua Mayo&lt;\/a&gt; on &lt;a href=&quot;https:\/\/unsplash.com\/?utm_source=the-living-room&#038;utm_medium=referral&quot; rel=&quot;nofollow&quot;&gt;Unsplash&lt;\/a&gt; &lt;\/p&gt;\n\" data-medium-file=\"https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=300&amp;h=200\" data-large-file=\"https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1024&amp;h=683\" src=\"https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&#038;ixlib=rb-1.2.1&#038;fm=jpg&#038;q=85&#038;fit=crop&#038;w=1024&#038;h=683\" alt=\"man in gray hoodie holding black smartphone\" class=\"wp-image-8986\" width=\"1024\" height=\"683\" title=\"\" srcset=\"https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=300&amp;h=200 300w, https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1024&amp;h=682 1024w, https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=150&amp;h=100 150w, https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=768&amp;h=512 768w, https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1536&amp;h=1024 1536w, https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=2048&amp;h=1365 2048w, https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=610&amp;h=406 610w, https:\/\/images.unsplash.com\/photo-1606189934732-1c274f894bf9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDU4MzA&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=370&amp;h=246 370w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Nobody has a perfect credit score, but taking some time in the months before you apply for a mortgage to raise yours will help you secure the best rates<\/figcaption><\/figure>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reduce_your_debt-to-income_ratio\"><\/span>Reduce your debt-to-income ratio<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After you\u2019ve taken stock of your credit score and any areas of improvement on your report, you want to reduce your debt-to-income ratio as much as possible. Your debt-to-income ratio is the difference between how much money you pay out toward your debt and how much you take in every month. Loan risk professionals consider a ratio above 43% to be high risk. Mortgage lenders typically prefer a debt-to-income ratio below 36% which means that your debt payments shouldn\u2019t be more than 36% of what you make each month.&nbsp;<\/p>\n\n\n\n<p>A low debt-to-income ratio communicates to lenders that your monthly gross income is sufficient to cover consistent mortgage payments. If you happen to be sitting on a large amount of debt from student loans, car notes, or credit cards, your debt-to-income ratio is likely to be high. In this case, you want to pay off as much of your debt as possible before setting money aside for a down payment.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Create_a_home_savings_account\"><\/span>Create a home savings account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After your credit score and debt-to-income ratio are in order, you can focus on putting money aside for your home purchase. In addition to a down payment, you also want to allocate funds towards closing costs and cash reserves. It\u2019s a good idea to create a savings account exclusively for your home-related expenses, especially since the dollar amount is usually high.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.flyhomes.com\/blog\/20-percent\/\" target=\"_blank\" rel=\"noreferrer noopener\">Down payments are typically 20% <\/a>of the total home value, with the exception of FHA loans which require a down payment of just 3.5%. Closing costs range from 3-6% of the price of the home. Cash reserve requirements will vary depending on the lender, but having enough to cover at least two months of monthly housing expenses is a good start.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Maintain_steady_employment\"><\/span>Maintain steady employment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Switching jobs before applying to a mortgage loan is usually not a good idea. Unless you\u2019re moving into a role that pays significantly higher than your last one, hold off on changing jobs until after you\u2019ve been approved.&nbsp;<\/p>\n\n\n\n<p>Mortgage lenders require at least two years of work history to establish reliable income. Changing positions during the application process&nbsp; or right before will likely hurt your chances of getting approved. This is especially true if you happen to move from a higher-paying job to a lower-paying one, or if you switch careers.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gather_all_necessary_paperwork\"><\/span>Gather all necessary paperwork<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When applying for a mortgage, you\u2019ll need to present your lender with a list of documents that verify your ability to make monthly payments. In order to successfully complete your application, you\u2019ll need all of the following:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Income verification<\/h4>\n\n\n\n<p>Nowadays, income is received in a variety of ways. Many people are self-employed, work abroad, or live off of previous settlements. For these reasons, lenders accept different kinds of income verification documents. In the application process, you\u2019ll have to present at least one of the following:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>W-2 forms from the last 1-2 years for each applicant<\/li><li>Pay stubs from the last 30 days with the employer&#8217;s signature<\/li><li>Income tax returns for the past two years to three years<\/li><li>Alimony or child support documents proving you will continue to receive such payments for at least 3 years after the date of the mortgage application<\/li><li>Contracts and letters from current clients showcasing 2 years of steady self-employment income for freelancers and independent contractors<\/li><\/ul>\n\n\n\n<p>It\u2019s worth noting that presenting more than one income verification document may improve your chances at getting a better mortgage rate.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Statements of assets and debts<\/h4>\n\n\n\n<p>Bank statements highlighting all assets and debts are used to determine how much money you have and how much you owe. Loan officers will typically ask for two to three months\u2019 worth of bank statements in order to calculate your debt-to-income ratio.&nbsp;<\/p>\n\n\n\n<p>They also use your bank statements to assess whether or not you will be able to cover your down payment, closing costs, and maintain sufficient cash reserves after the final sale.&nbsp;<\/p>\n\n\n\n<p>If your family is helping you pay a down payment with a cash gift, you\u2019ll need to provide documentation that the source of the gift doesn\u2019t expect to be paid back.&nbsp;&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Credit history<\/h4>\n\n\n\n<p>You won\u2019t have to present your loan officer with a physical or digital copy of your credit history. Instead, you\u2019ll need to grant your lender permission to access your credit report.&nbsp;<\/p>\n\n\n\n<p>Although you won\u2019t necessarily have to submit anything in this stage, your credit history is likely the most important document in determining whether or not you will get approved.&nbsp;<\/p>\n\n\n\n<p>If you happen to have any late payments, collections, or other unfavorable marks on your credit report, don\u2019t be discouraged. Most people don\u2019t have a perfect credit score. Your lender may ask for a letter explaining some of the more glaring dings on your score. You can still get approved for a mortgage loan <a href=\"https:\/\/www.flyhomes.com\/blog\/what-credit-score-do-i-need-to-buy-a-house\/\">even without a high score<\/a>.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Proof of identity<\/h4>\n\n\n\n<p>Generally, a government-issued ID such as a driver\u2019s license or state identification card will do just fine for proof of identity. You may be surprised to find out you don\u2019t need to prove citizenship to get a mortgage loan.&nbsp;<\/p>\n\n\n\n<p>Undocumented immigrants are allowed to purchase property. This is because there is no citizenship requirement for real estate sales in the US. A lender may, however, request to see a copy of your green card, employment authorization, or approved visa before moving forward with your application.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Rental history<\/h4>\n\n\n\n<p>Lenders also want to be certain you\u2019ve been able to make rental payments for at least a year. You\u2019ll need to present your loan officer with rental payment history via bank statements or checks, as well as your landlord\u2019s contact information.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Additional documentation verifying your financial standing<\/h4>\n\n\n\n<p>Depending on your financial situation, your lender may request additional documents. If you\u2019re divorced, your loan officer might ask to see a copy of your divorce decree in order to verify any child support or alimony payments that will be going into or coming out of your bank accounts.&nbsp;<\/p>\n\n\n\n<p>If you\u2019ve previously foreclosed on a home, that documentation must also be provided. (Usually, buyers have to wait seven years before being eligible for a new mortgage). If you\u2019ve ever declared bankruptcy your lender will need to see proof that those debts have been cleared and no longer require repayment.&nbsp;<\/p>\n\n\n<figure class=\"wp-block-unsplash-image wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"8906\" data-permalink=\"https:\/\/flyhomes.com\/blog\/what-credit-score-do-i-need-to-buy-a-house\/jphw8ndwj_q\/\" data-orig-file=\"https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=2560&amp;h=1707\" data-orig-size=\"2560,1707\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.4&quot;,&quot;credit&quot;:&quot;Austin Distel&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark IV&quot;,&quot;caption&quot;:&quot;This CEO and entrepreneur are working on their laptops building a social media marketing strategy to showing bloggers how to make money on Facebook, Pinterest, and Instagram. Teamwork on this promotion will bring lots of sales for their startup.\\n\\nModel: @Austindistel\\nhttps:\/\/www.instagram.com\/austindistel\/\\n\\nPhotographer: @breeandstephen\\nhttps:\/\/www.instagram.com\/breeandstephen\/\\n\\nThis photo is free for public use. \\u2764\\ufe0f If you do use this photo, Please credit in caption or metadata with link to \\&quot;www.distel.com\\&quot;. &quot;,&quot;created_timestamp&quot;:&quot;2018-05-21T20:27:37-04:00&quot;,&quot;copyright&quot;:&quot;Austin Distel&quot;,&quot;focal_length&quot;:&quot;35.0&quot;,&quot;iso&quot;:&quot;125&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;two men in suit sitting on sofa&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"\" data-image-description=\"&lt;p&gt;This CEO and entrepreneur are working on their laptops building a social media marketing strategy to showing bloggers how to make money on Facebook, Pinterest, and Instagram. Teamwork on this promotion will bring lots of sales for their startup.&lt;\/p&gt;\n&lt;p&gt;Model: @Austindistel&lt;br \/&gt;\nhttps:\/\/www.instagram.com\/austindistel\/&lt;\/p&gt;\n&lt;p&gt;Photographer: @breeandstephen&lt;br \/&gt;\nhttps:\/\/www.instagram.com\/breeandstephen\/&lt;\/p&gt;\n&lt;p&gt;This photo is free for public use. &#x2764;&#xfe0f; If you do use this photo, Please credit in caption or metadata with link to &#8220;www.distel.com&#8221;. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Photo by &lt;a href=&quot;https:\/\/unsplash.com\/@austindistel&quot; rel=&quot;nofollow&quot;&gt;Austin Distel&lt;\/a&gt; on &lt;a href=&quot;https:\/\/unsplash.com\/?utm_source=the-living-room&#038;utm_medium=referral&quot; rel=&quot;nofollow&quot;&gt;Unsplash&lt;\/a&gt; &lt;\/p&gt;\n\" data-medium-file=\"https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=300&amp;h=200\" data-large-file=\"https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1024&amp;h=683\" src=\"https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&#038;ixlib=rb-1.2.1&#038;fm=jpg&#038;q=85&#038;fit=crop&#038;w=1024&#038;h=683\" alt=\"two men in suit sitting on sofa\" class=\"wp-image-8906\" width=\"1024\" height=\"683\" title=\"\" srcset=\"https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=300&amp;h=200 300w, https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1024&amp;h=682 1024w, https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=150&amp;h=100 150w, https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=768&amp;h=512 768w, https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1536&amp;h=1024 1536w, https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=2048&amp;h=1365 2048w, https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=610&amp;h=406 610w, https:\/\/images.unsplash.com\/photo-1526948531399-320e7e40f0ca?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDI2MTg2Nzc&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=370&amp;h=246 370w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Don&#8217;t jump at the first mortgage offer. Different lenders will have different rates and costs, and if you prepared properly, you should have a choice of a few different offers<\/figcaption><\/figure>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Create_a_targeted_list_of_mortgage_lenders\"><\/span>Create a targeted list of mortgage lenders<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Lenders set their own mortgage rates based on all documentation mentioned above. That\u2019s why it\u2019s a good idea to apply to different mortgage lenders at the same time. The more mortgage loan offers you speak to, the better your chances of landing the best deal on a home loan.<\/p>\n\n\n\n<p>That being said, you don\u2019t want to apply to just any and all mortgage lenders. When a lender makes a hard inquiry into your credit report, it temporarily lowers your score. Too many hard inquiries over an extended period of time could hurt your overall score, making it more difficult for you to get approved for a mortgage loan, should you have to apply a second time around.&nbsp;&nbsp;<\/p>\n\n\n\n<p>It\u2019s best for buyers to apply to multiple mortgage loans within the same 14-day period. Applying for several mortgage loans within a 14-day period counts as just one hard inquiry.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Get_pre-approved_and_lock_in_your_interest_rate\"><\/span>Get pre-approved and lock in your interest rate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The last step in the process is submitting your application and hopefully getting pre-approved. Better yet, you may even be qualified for <a href=\"https:\/\/www.flyhomes.com\/blog\/mortgage-pre-approval-vs-pre-underwriting\/\" target=\"_blank\" rel=\"noreferrer noopener\">pre-underwriting with Flyhomes Mortgage<\/a>. At this point in the process your mortgage loan applications are complete. However, you should still have an open mind. Ideally you have more than one offer to consider.&nbsp;<\/p>\n\n\n\n<p>When comparing your choices, resist the urge to go with the mortgage lender that offers you the highest loan amount. Although you\u2019re excited to buy a home and move into your new space, you want to make sure that after you get pre-approved, you\u2019re paying close attention to interest rates and closing costs.&nbsp;<\/p>\n\n\n\n<p>Some mortgage loans offer a larger dollar amount, but come with higher interest rates and closing costs. Consult with a trusted advisor on the matter before making a final decision. You may be in a position to negotiate.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Wrapping up<\/h3>\n\n\n\n<p>Applying to a mortgage can seem like an overwhelming process at first, but once you understand all that is required and organize your documentation accordingly, the process can go quite smoothly.&nbsp;<\/p>\n\n\n\n<p>The main thing to keep in mind as you venture into home ownership and mortgage applications is to provide as much favorable financial documentation as possible. You never want to inflate the truth, much less provide false documentation. But you do want to present your financial life as stable, reliable, and consistent. Keep that thought at the forefront and you\u2019re sure to be approved for your mortgage loan sooner.&nbsp;<\/p>\n\n\n\n<p><strong>About the author<\/strong> <a href=\"https:\/\/www.linkedin.com\/in\/viviantejada\/\">Vivian Tejada<\/a> is a freelance writer and small business strategist based out of Providence, RI. She specializes in writing SEO blogs, property descriptions and website content for real estate companies. She\u2019s also an avid traveler, location-independent and enjoys trying out new restaurants.<\/p>\n\n\n\n<input type=\"hidden\" id=\"calendly_utm_post_id\" value=\"8985\" \/><input type=\"hidden\" id=\"calendly_utm_post_title\" value=\"What to do before applying for a mortgage\" \/>","protected":false},"excerpt":{"rendered":"<p>In this article you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved. <\/p>\n","protected":false},"author":148668397,"featured_media":8987,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[655423254,655423395,655421623],"tags":[],"class_list":["post-8985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-home","category-guides-buying-a-home","category-mortgage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What to do before applying for a mortgage - Blog<\/title>\n<meta name=\"description\" content=\"In this article you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What to do before applying for a mortgage - Blog\" \/>\n<meta property=\"og:description\" content=\"In this article you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RealFlyhomes\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-11T19:02:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-26T18:23:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1710\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Flyhomes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@RealFlyHomes\" \/>\n<meta name=\"twitter:site\" content=\"@RealFlyHomes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Flyhomes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/\"},\"author\":{\"name\":\"Flyhomes\",\"@id\":\"https:\/\/flyhomes.com\/blog\/#\/schema\/person\/70f2f24261294910640936c13f4c4e16\"},\"headline\":\"What to do before applying for a mortgage\",\"datePublished\":\"2022-02-11T19:02:39+00:00\",\"dateModified\":\"2022-05-26T18:23:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/\"},\"wordCount\":1960,\"publisher\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710\",\"articleSection\":[\"Buying a home\",\"Guides\",\"Mortgage\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/\",\"url\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/\",\"name\":\"What to do before applying for a mortgage - Blog\",\"isPartOf\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710\",\"datePublished\":\"2022-02-11T19:02:39+00:00\",\"dateModified\":\"2022-05-26T18:23:36+00:00\",\"description\":\"In this article you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved.\",\"breadcrumb\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage\",\"url\":\"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710\",\"contentUrl\":\"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710\",\"width\":2560,\"height\":1710,\"caption\":\"Photo by Bench Accounting on Unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/flyhomes.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What to do before applying for a mortgage\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/flyhomes.com\/blog\/#website\",\"url\":\"https:\/\/flyhomes.com\/blog\/\",\"name\":\"Blog\",\"description\":\"Flyhomes\",\"publisher\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/flyhomes.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/flyhomes.com\/blog\/#organization\",\"name\":\"Flyhomes\",\"url\":\"https:\/\/flyhomes.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/flyhomes.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2025\/07\/15231705\/website_curb_public_icons_icon_x512.png\",\"contentUrl\":\"https:\/\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2025\/07\/15231705\/website_curb_public_icons_icon_x512.png\",\"width\":512,\"height\":512,\"caption\":\"Flyhomes\"},\"image\":{\"@id\":\"https:\/\/flyhomes.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/RealFlyhomes\",\"https:\/\/x.com\/RealFlyHomes\",\"https:\/\/www.instagram.com\/realflyhomes\",\"https:\/\/www.linkedin.com\/company\/flyhomes\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/flyhomes.com\/blog\/#\/schema\/person\/70f2f24261294910640936c13f4c4e16\",\"name\":\"Flyhomes\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/flyhomes.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/995c9f85870f16a2c5afe770e982298e79e2ee2b0219e1e9a15bad35d5cfef84?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/995c9f85870f16a2c5afe770e982298e79e2ee2b0219e1e9a15bad35d5cfef84?s=96&d=identicon&r=g\",\"caption\":\"Flyhomes\"},\"url\":\"https:\/\/flyhomes.com\/blog\/author\/flyhomesblog\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What to do before applying for a mortgage - Blog","description":"In this article you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/","og_locale":"en_US","og_type":"article","og_title":"What to do before applying for a mortgage - Blog","og_description":"In this article you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved.","og_url":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/","og_site_name":"Blog","article_publisher":"https:\/\/www.facebook.com\/RealFlyhomes","article_published_time":"2022-02-11T19:02:39+00:00","article_modified_time":"2022-05-26T18:23:36+00:00","og_image":[{"height":1710,"width":2560,"url":"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710","type":"image\/jpeg"}],"author":"Flyhomes","twitter_card":"summary_large_image","twitter_creator":"@RealFlyHomes","twitter_site":"@RealFlyHomes","twitter_misc":{"Written by":"Flyhomes","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#article","isPartOf":{"@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/"},"author":{"name":"Flyhomes","@id":"https:\/\/flyhomes.com\/blog\/#\/schema\/person\/70f2f24261294910640936c13f4c4e16"},"headline":"What to do before applying for a mortgage","datePublished":"2022-02-11T19:02:39+00:00","dateModified":"2022-05-26T18:23:36+00:00","mainEntityOfPage":{"@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/"},"wordCount":1960,"publisher":{"@id":"https:\/\/flyhomes.com\/blog\/#organization"},"image":{"@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage"},"thumbnailUrl":"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710","articleSection":["Buying a home","Guides","Mortgage"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/","url":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/","name":"What to do before applying for a mortgage - Blog","isPartOf":{"@id":"https:\/\/flyhomes.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage"},"image":{"@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage"},"thumbnailUrl":"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710","datePublished":"2022-02-11T19:02:39+00:00","dateModified":"2022-05-26T18:23:36+00:00","description":"In this article you\u2019ll discover the 7 steps you need to take before applying for a mortgage loan to increase your chances of getting approved.","breadcrumb":{"@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#primaryimage","url":"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710","contentUrl":"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710","width":2560,"height":1710,"caption":"Photo by Bench Accounting on Unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/flyhomes.com\/blog\/what-to-do-before-mortgage\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/flyhomes.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What to do before applying for a mortgage"}]},{"@type":"WebSite","@id":"https:\/\/flyhomes.com\/blog\/#website","url":"https:\/\/flyhomes.com\/blog\/","name":"Blog","description":"Flyhomes","publisher":{"@id":"https:\/\/flyhomes.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/flyhomes.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/flyhomes.com\/blog\/#organization","name":"Flyhomes","url":"https:\/\/flyhomes.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/flyhomes.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2025\/07\/15231705\/website_curb_public_icons_icon_x512.png","contentUrl":"https:\/\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2025\/07\/15231705\/website_curb_public_icons_icon_x512.png","width":512,"height":512,"caption":"Flyhomes"},"image":{"@id":"https:\/\/flyhomes.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/RealFlyhomes","https:\/\/x.com\/RealFlyHomes","https:\/\/www.instagram.com\/realflyhomes","https:\/\/www.linkedin.com\/company\/flyhomes\/"]},{"@type":"Person","@id":"https:\/\/flyhomes.com\/blog\/#\/schema\/person\/70f2f24261294910640936c13f4c4e16","name":"Flyhomes","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/flyhomes.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/995c9f85870f16a2c5afe770e982298e79e2ee2b0219e1e9a15bad35d5cfef84?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/995c9f85870f16a2c5afe770e982298e79e2ee2b0219e1e9a15bad35d5cfef84?s=96&d=identicon&r=g","caption":"Flyhomes"},"url":"https:\/\/flyhomes.com\/blog\/author\/flyhomesblog\/"}]}},"modified_by":"utkarshgupta","jetpack_featured_media_url":"https:\/\/images.unsplash.com\/photo-1448932223592-d1fc686e76ea?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDQ2MDYwMDg&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1710","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pd9zcL-2kV","jetpack-related-posts":[{"id":733,"url":"https:\/\/flyhomes.com\/blog\/what-is-pmi\/","url_meta":{"origin":8985,"position":0},"title":"What is Private Mortgage Insurance?","author":"Flyhomes","date":"February 7, 2022","format":false,"excerpt":"Private Mortgage Insurance (PMI) is insurance required by lenders in most scenarios when the borrower makes a down payment of less than 20% on their home purchase. It protects your lender if you default on your mortgage and allows them to recoup losses related to the lower amount of equity\u2026","rel":"","context":"In &quot;Mortgage&quot;","block_context":{"text":"Mortgage","link":"https:\/\/flyhomes.com\/blog\/category\/mortgage\/"},"img":{"alt_text":"white house under maple trees","src":"https:\/\/images.unsplash.com\/photo-1480074568708-e7b720bb3f09?ixid=MXwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1700","width":350,"height":200,"srcset":"https:\/\/images.unsplash.com\/photo-1480074568708-e7b720bb3f09?ixid=MXwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1700 1x, https:\/\/images.unsplash.com\/photo-1480074568708-e7b720bb3f09?ixid=MXwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1700 1.5x, https:\/\/images.unsplash.com\/photo-1480074568708-e7b720bb3f09?ixid=MXwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1700 2x, https:\/\/images.unsplash.com\/photo-1480074568708-e7b720bb3f09?ixid=MXwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1700 3x, https:\/\/images.unsplash.com\/photo-1480074568708-e7b720bb3f09?ixid=MXwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1700 4x"},"classes":[]},{"id":10212,"url":"https:\/\/flyhomes.com\/blog\/buying-a-home-with-student-debt\/","url_meta":{"origin":8985,"position":1},"title":"Buying a home with student debt: A guide","author":"Flyhomes","date":"August 31, 2022","format":false,"excerpt":"Feel like you can't build a life with student loans? Don't let your student debt stop you from buying a house. We've got the guide to help you right here.","rel":"","context":"In &quot;Buying a home&quot;","block_context":{"text":"Buying a home","link":"https:\/\/flyhomes.com\/blog\/category\/buying-a-home\/"},"img":{"alt_text":"man wearing white top using MacBook","src":"https:\/\/images.unsplash.com\/photo-1456406644174-8ddd4cd52a06?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NjE5NzY5NTQ&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2048&h=1369","width":350,"height":200,"srcset":"https:\/\/images.unsplash.com\/photo-1456406644174-8ddd4cd52a06?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NjE5NzY5NTQ&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2048&h=1369 1x, https:\/\/images.unsplash.com\/photo-1456406644174-8ddd4cd52a06?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NjE5NzY5NTQ&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2048&h=1369 1.5x, https:\/\/images.unsplash.com\/photo-1456406644174-8ddd4cd52a06?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NjE5NzY5NTQ&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2048&h=1369 2x, https:\/\/images.unsplash.com\/photo-1456406644174-8ddd4cd52a06?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NjE5NzY5NTQ&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2048&h=1369 3x, https:\/\/images.unsplash.com\/photo-1456406644174-8ddd4cd52a06?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NjE5NzY5NTQ&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2048&h=1369 4x"},"classes":[]},{"id":9084,"url":"https:\/\/flyhomes.com\/blog\/choosing-a-mortgage-lender\/","url_meta":{"origin":8985,"position":2},"title":"How to choose a mortgage lender","author":"Flyhomes","date":"March 11, 2022","format":false,"excerpt":"When choosing a lender, consider who the mortgage company is, what types of mortgages they offer, and closing costs.","rel":"","context":"In &quot;Buying a home&quot;","block_context":{"text":"Buying a home","link":"https:\/\/flyhomes.com\/blog\/category\/buying-a-home\/"},"img":{"alt_text":"green trees near red and white house under blue sky during daytime","src":"https:\/\/images.unsplash.com\/photo-1610569244414-5e7453a447a8?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDcwMjkwMjY&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1920","width":350,"height":200,"srcset":"https:\/\/images.unsplash.com\/photo-1610569244414-5e7453a447a8?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDcwMjkwMjY&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1920 1x, https:\/\/images.unsplash.com\/photo-1610569244414-5e7453a447a8?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDcwMjkwMjY&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1920 1.5x, https:\/\/images.unsplash.com\/photo-1610569244414-5e7453a447a8?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDcwMjkwMjY&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1920 2x, https:\/\/images.unsplash.com\/photo-1610569244414-5e7453a447a8?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDcwMjkwMjY&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1920 3x, https:\/\/images.unsplash.com\/photo-1610569244414-5e7453a447a8?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDcwMjkwMjY&ixlib=rb-1.2.1&fm=jpg&q=85&fit=crop&w=2560&h=1920 4x"},"classes":[]},{"id":10960,"url":"https:\/\/flyhomes.com\/blog\/real-estates-busy-season-is-here-should-you-buy-a-house-now\/","url_meta":{"origin":8985,"position":3},"title":"Real Estate&#8217;s Busy Season is Here, Should You Buy a House Now?","author":"Flyhomes","date":"April 20, 2023","format":false,"excerpt":"\"Should I buy a house now, or stay on the sidelines for another year or two?\" That's the question on every cautious homebuyer's mind right now. The current housing market has presented a unique set of circumstances. As you probably know, interest rates, along with home prices, have shot up\u2026","rel":"","context":"In &quot;Financing&quot;","block_context":{"text":"Financing","link":"https:\/\/flyhomes.com\/blog\/category\/financing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2020\/02\/20113223\/FLY_Q422_Day01_Kitchen_219_RT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2020\/02\/20113223\/FLY_Q422_Day01_Kitchen_219_RT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2020\/02\/20113223\/FLY_Q422_Day01_Kitchen_219_RT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2020\/02\/20113223\/FLY_Q422_Day01_Kitchen_219_RT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2020\/02\/20113223\/FLY_Q422_Day01_Kitchen_219_RT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":10220,"url":"https:\/\/flyhomes.com\/blog\/what-is-debt-to-income-ratio\/","url_meta":{"origin":8985,"position":4},"title":"What is your debt-to-income ratio?","author":"Flyhomes","date":"September 7, 2022","format":false,"excerpt":"How to calculate it and why it\u2019s important to know before you apply for a mortgage Your income is an important part of your mortgage application, but it\u2019s not the only number mortgage lenders review.\u00a0 Even with an impressive monthly paycheck you could find yourself unable to qualify for the\u2026","rel":"","context":"In &quot;Buying a home&quot;","block_context":{"text":"Buying a home","link":"https:\/\/flyhomes.com\/blog\/category\/buying-a-home\/"},"img":{"alt_text":"Hand holding house keychain and banknotes","src":"https:\/\/images.unsplash.com\/photo-1648119245431-9832560977b0?crop=entropy&cs=tinysrgb&fm=jpg&ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NTM1MTI0NjM&ixlib=rb-1.2.1&q=85&raw_url=true&fit=crop&w=2560&h=1920","width":350,"height":200,"srcset":"https:\/\/images.unsplash.com\/photo-1648119245431-9832560977b0?crop=entropy&cs=tinysrgb&fm=jpg&ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NTM1MTI0NjM&ixlib=rb-1.2.1&q=85&raw_url=true&fit=crop&w=2560&h=1920 1x, https:\/\/images.unsplash.com\/photo-1648119245431-9832560977b0?crop=entropy&cs=tinysrgb&fm=jpg&ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NTM1MTI0NjM&ixlib=rb-1.2.1&q=85&raw_url=true&fit=crop&w=2560&h=1920 1.5x, https:\/\/images.unsplash.com\/photo-1648119245431-9832560977b0?crop=entropy&cs=tinysrgb&fm=jpg&ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NTM1MTI0NjM&ixlib=rb-1.2.1&q=85&raw_url=true&fit=crop&w=2560&h=1920 2x, https:\/\/images.unsplash.com\/photo-1648119245431-9832560977b0?crop=entropy&cs=tinysrgb&fm=jpg&ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NTM1MTI0NjM&ixlib=rb-1.2.1&q=85&raw_url=true&fit=crop&w=2560&h=1920 3x, https:\/\/images.unsplash.com\/photo-1648119245431-9832560977b0?crop=entropy&cs=tinysrgb&fm=jpg&ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NTM1MTI0NjM&ixlib=rb-1.2.1&q=85&raw_url=true&fit=crop&w=2560&h=1920 4x"},"classes":[]},{"id":1056,"url":"https:\/\/flyhomes.com\/blog\/what-not-to-do-when-applying-for-a-mortgage\/","url_meta":{"origin":8985,"position":5},"title":"6 things to avoid when applying for a mortgage","author":"Flyhomes","date":"June 23, 2022","format":false,"excerpt":"You know there's a rulebook for applying for a mortgage. But is there anything you should avoid? Here's what they are and how to avoid them.","rel":"","context":"In &quot;Mortgage&quot;","block_context":{"text":"Mortgage","link":"https:\/\/flyhomes.com\/blog\/category\/mortgage\/"},"img":{"alt_text":"diverse cheerful colleagues talking about important documents","src":"https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2019\/05\/29105744\/pexels-photo-6457488.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2019\/05\/29105744\/pexels-photo-6457488.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2019\/05\/29105744\/pexels-photo-6457488.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2019\/05\/29105744\/pexels-photo-6457488.jpeg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2019\/05\/29105744\/pexels-photo-6457488.jpeg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/wp-media.flyhomes.com\/blog\/wp-content\/uploads\/2019\/05\/29105744\/pexels-photo-6457488.jpeg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/posts\/8985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/users\/148668397"}],"replies":[{"embeddable":true,"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/comments?post=8985"}],"version-history":[{"count":4,"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/posts\/8985\/revisions"}],"predecessor-version":[{"id":9639,"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/posts\/8985\/revisions\/9639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/media\/8987"}],"wp:attachment":[{"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/media?parent=8985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/categories?post=8985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flyhomes.com\/blog\/wp-json\/wp\/v2\/tags?post=8985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}