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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Local Expert Updates
Brooke Jones
Cell: 641.420.2172
Matt Lippon
Cell: 712.330.0604
Janie Eick
Cell: 712.339.0574Community Updates
Sanford Home Medical Equipment
Let the experts at Sanford Home Medical Equipment help you find the medical equipment you need. Their services focus on your safety and comfort. Sanford is here to help you find the products and services that are the perfect fit for your health needs, physical characteristics, environment and lifestyle.
Elinor Bedell State Park
Elinor Bedell State Park
located on 80 acres of land this property was gifted by former U.S. Congressman Berkley Bedell and his wife Elinor. Berkley was also the original business man who began the Berkley Fishing company which started in Spirit Lake and was taken world-wide.
The park offers prairie and wetland areas to navigate, with miles of trails, a campground, playground equipment, a shelter overlooking the lake and more.
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.
Useful Resource Links
Area Schools
Colleges
Medical Facilities
Town/City Information
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