Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Virginia Beach Real Estate Tip: Questions To Expect From Your Lender
Before lending you a large sum of money to purchase a piece of Virginia Beach real estate, it is understandable that your lender will want to know a little bit about you and your ability to pay back the loan. If you are a first-time homebuyer, or if it has been a while since you last spoke with your lender, it is helpful to be prepared for some of the questions you may be asked and to have some responses in mind. Below are some general examples of questions you may expect to hear when applying for a home loan:
Employment and income • Where do you work?• How much do you make?• How long have you been at your job?• How is your income derived -- steady salary or irregular income? (if it's the latter, plan on providing more details so that you get a favorable interest rate)
Outstanding debts
• What recurring debts do you have?• How much do you pay a month for auto loans?
• Credit cards?• How much of your monthly pretax income do these debts consume?
<!--more-->
Cash reserves and assets • How much money do you have in the bank?• How much ... more

__________________________________________________
Are you on The Rain? Grow Your Network!