First-time Home-buyers? 5 Documents Will Expedite Your Home Buying Process
First-time Home-buyers? With all the work that goes into finding the kind of home you’ll want to put an offer on, it can be easy to forget about all the little things that happen after the deal has been made. While the paperwork involved in purchasing may seem like a long way off, here’s a quick review of some of the documents you’ll need when the time comes to seal the deal. First-time Home-buyers? These 5 Documents Will Expedite Your Home Buying Process. Also feel free to contact one of our affiliated loan officers at Stock Financial. First-time Home-buyers? 5 Documents Will Expedite Your Home Buying Process
Your Credit Report
It’s important to review your credit before putting an offer in, so ensure that you request your credit report in advance and review it for any errors that may be present. If there are any discrepancies negatively impacting your credit score, you’ll be able to have them corrected before they can cause an issue with your real estate purchase. First-time Home-buyers? These 5 Documents Will Expedite Your Home Buying Process
Pay Stub Proof
First-time Home-buyers? In order to ascertain your ability to pay off your monthly mortgage, you will need to provide at least two pay stubs from your current place of employment. You won’t want to give away your originals, but a photocopy of your last two paychecks usually serves as adequate verification. First-time Home-buyers? These 5 Documents Will Expedite Your Home Buying Process
Recent Bank Statements
First-time Home-buyers? The number of bank statements required to prove your credit history may change depending on the lender you’re dealing with, but you’ll probably need photocopies from the last two to three months. This will be a means of proving your financial health as well as your ability to pay your monthly mortgage in the event of interest rate hikes or other fiscal setbacks. First-time Home-buyers? 5 Documents Will Expedite Your Home Buying Process
Tax Return Copies
First-time Home-buyers? Your federal tax returns will provide further proof of your employment and financial standing, so the last two years of these – complete with your signature – will need to be submitted. Keep in mind that any schedules you’ve filled out to complete your yearly returns should also be included. First-time Home-buyers?
Additional Asset Statements
First-time Home-buyers? In addition to recent bank statements, if you have any stocks and bonds, mutual funds, RRSPs or other investments, you should also provide statements of proof for these. While these accounts will only require your most recent statements, they will be beneficial in providing a more comprehensive picture of your finances. First-time Home-buyers? These 5 Documents Will Expedite Your Home Buying Process
There are many aspects of purchasing a home that can be time consuming, but having the documents you need beforehand can save a lot of stress when crunch time comes. If you’re planning on purchasing a home soon, CALL ME NOW. I’d love to have an opportunity to share with you my professional experience dealing with First time home purchases and the mortgage application process!
Glenna Froelich direct- 239-784-0166, Office 239-449-3644
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