What Documents Do You Need For Your New Home Loan
Thinking about making a move? Do you know which Important mortgage documents you need for your new home loan? You may need to gather personal data from the past two years before speaking with your lender.
A mortgage lender will be able to pre qualify you before talking with a Realtor®. If you don't know who to contact I have an excellent resource for a variety of available loan programs in Fort Worth.
Yes, the lender will request and retrieve a copy of your credit report, it may be different than the copy you receive prior to applying. Once your pre qualified using general information such as names, annual employment info, debts your obligated to continue paying longer than six months and date of birth for all purchasing parties ask your lender to pre approve your buying status.
What does Pre Approval actually mean? This is the first step in your mortgage process. This piece of paper actually could be a great tool working in your advantage, making your contract stronger than a buyer without pre approval in the eyes of a seller.
Gather these few documents before contacting your lender for quicker approval:
2 Years of rental history including landlord or property management contact information
2 Years employment history including mailing address and office information
2 Years of your income tax records
2 Months banking statements, 401(k) accounts and similar banking / savings information
30 Days of paystubs / printed if you have direct deposit
Final Divorce Papers / Bankruptcy Discharge Papers
This is a short list of the important documents you may need to gather before talking with a lender. Armed with your pre approval letter you will know exactly how much home you can comfortably purchase.