Thinking about purchasing a home? The first step in acquiring a new residence is to get Pre-Approved from a Mortgage Lender/Broker.
Obtaining a Pre-Approval letter will help you decide how much you can afford in monthly principal, interest, home insurance, property taxes and possible monthly, quarterly or annual Home Owners Association fees. Some of the documents required for a mortgage are listed below. Most Pre-Approvals are complimentary. If you need a resource for a Pre-Approval letter, please contact me. ~PAM
1. Complete a mortgage loan pre-approval application
2. 2012 and 2013 Federal Income Tax Returns with all schedules
3. 2012 and 2013 W-2’s, 1099’s and K-1’s (depends upon how you are paid)
4. Pay stubs for the past 30 days. If possible, include your 2013 year end pay stub (s)
5. Birth dates for all borrowers
6. Two months Statements from:
* Major Bank Accounts, Investment Accounts, Retirement Accounts, or other
7. If keeping or selling Current Home:
* Copies of current mortgage statement, 2013 Real Estate tax bill, Home Owner’s Insurance, Association Dues
8. If selling a home, Copy of contract, pre-approval letter from buyer (s), Attorney review/approval letter, or other
9. Additional documentation required from Mortgage Broker/Lender
No comments:
Post a Comment