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
Get In Touch
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Local Expert Updates
Matt Lippon
Cell: 712.330.0604
Janie Eick
Cell: 712.339.0574
Aaron Jones
Cell: 712.320.9442Community Updates
OYBA
Okoboji Youth Basketball Association (OYBA)
The Okoboji School system and basketball program is really blessed to have such a great nucleus of coaches and a system in place designed to really build the children through team work and skill building. OYBA has put together a board and a mission that is really great for the kids and is designed to develop the kids to prepare them for High School Basketball.
Each winter, OYBA puts out teams ranging from 3rd grade up to 8th grade, both girls teams and boys teams.
I am one of the coaches for the 5th grade girls team, we have 24 kids out for basketball, for such a small class, those numbers are amazing.
We put together 3 traveling teams and each of our teams is signed up for 5 tournaments this winter season, the kids love it.
Whether you are new to town or have been here for a long time, if you have kids going to the Okoboji School system and want to play some ball, check out the website, call one of the board members or give me a call and I'll point you in the right direction.
Ries Eyecare
Ries Eyecare
2213 Okoboji Ave
Milford, IA 51351
Another eyecare option in the Iowa Great Lakes area is conveniently located in Milford on Hwy 71 next door to Ingwersen Chiropractic and Healthy Living Program Center.
Services provided:
Exams- Comprehensive, Contact Lens, Medical for Glaucoma, etc, Foreign Body Removal, Red Eye and Emergencies and Post- operative Care
Healthy Smiles Family Dentistry
We understand the importance of good dental hygiene and oral care and are committed to providing you the best care in a fun, pleasant environment. Using the latest technology, our experienced staff works together as a team to give you exceptional quality treatment from the time you walk in for your initial visit.