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Understand your purchase, refinance, construction goal and objectives.
If purchasing, consider your comfort level for maximum out-of-pocket costs and monthly payment.
If refinancing, have an understanding of your current rate and consider what youd like to save monthly on your mortgage payment.
Have a general idea of your current income and assets.
Throughout the loan process, you will need to provide paperwork to verify your income and assets. Gather your recent bank statements, pay stubs and tax returns. Depending on the type of loan program you choose, you might have to provide additional paperwork. Consider building a file with the following:
Financial statements
Recent pay stubs
Tax returns for two years
Bank and investment statements
Auto/Boat/Student/House loan statements
W-2 forms for two years
Consider your credit rating.
Have a general idea of your credit score/rating. We will pull your credit score during Step 3 (Application), so you dont have to look it up. Be careful with your credit. It is best to hold off on large purchases or applying for additional credit before you have closed your loan. Additionally, we recommend you and your co-borrower refrain from changing jobs during this process. If you cannot hold off on making a large purchase or changing your job status, please Contact Us so we can discuss the consequences of any such changes.
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