Are you in the market for a home? If so, have you been pre approved by a Mortgage professional? When making an offer on a home one item the seller of the home will ask for is a pre approval letter. They will need this before they look at your offer. In order to obtain an approval you will have to contact a mortgage professional. Here are some items to gather prior to your appointment:
□ W-2 forms — or business tax return forms if you’re self-employed — for the last two or three years for every
person signing the loan.
□ Copies of at least one pay stub for each person signing the loan.
□ Account numbers of all your credit cards and the amounts for any outstanding balances.
□ Copies of two to four months of bank or credit union statements for both checking and savings
□ Lender, loan number, and amount owed on other installment loans, such as student loans and
□ Addresses where you’ve lived for the last five to seven years, with names of landlords if
□ Copies of brokerage account statements for two to four months, as well as a list of any other major assets of
value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
□ Copies of your most recent 401(k) or other retirement account statement.
□ Documentation to verify additional income, such as child support or a pension.
□ Copies of personal tax forms for the last two to three years.
Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®.
Copyright 2008. All rights reserved.
Over the past few years Mortgage guidelines have changed and continue to change very frequently. If you need a referral to some reputable mortgage professionals, feel free to call or email me.
As always, have a great weekend! Dont Hestitate to call or email with any questions or your buying/selling needs.