This is a very common question and many soon to be buyers are looking for fast and friendly information on what they will need to start on a pre-qualification letter!
Here are the most common needs a lender will have to get you on track for purchasing your new home:
-W2's for the last two years
-1040 Federal Tax returns for the last two years
-2 Months of pay stubs for anyone looking to be on the mortgage
-A copy of your drivers license
-A copy of your social security card
This is a snap shot of your finances and a lender will use this info to let you know what you could qualify for. They will pull your credit and look into how much debt you have. It is important to understand that you need to share as much as you can with your lender from a financial perspective as you move forward in the process. You do not want to fall in love with a home you cannot buy because you left out information on your finances!
Author:Jacquelyn Carlson Phone: 763-442-7197 Dated: May 17th 2016 Views: 91 About Jacquelyn: I am in my first year as a buyer specialist with the Steinbach Home Selling Team.
I work exclusiv...
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A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door, and the way you can instantly envision your life unfolding there.
This is about more than real estate. It is about your life and your dreams.
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Thank you for spending the time in getting me into my new home! And for putting up with apprehensive me during the process. I am happy in my new townhome and although still getting settled in, I am enjoying it. Again, thank you for your knowledge of knowing how to put it all together with selling & buying. Everything worked as you said it would!