Guiding you home
Guiding you home
Senior Mortgage Banker, Dart Bank
The road to being a successful homeowner begins with preparing for one of the largest purchases in your lifetime. It’s important to understand your options. Many times in excitement, we find ourselves looking and searching for that perfect place. In doing this, we sometimes find the perfect home. The challenge of finding the perfect home first is deciding how to afford it. Before you search, let’s back up and start over. Now that you decided it’s time to purchase a home, how can we afford this!?
Interview your lender to see if they are qualified, knowledgeable, and friendly. Ask friends and family for referrals of lenders that have served them well in the past, or ask your agent for a recommendation for a tried & true provider.
Sharing your goals will allow your lender to understand what your length and limitations may be, so that they can extend the right program and product.
Evaluating your situation involves understanding employment and income. Along with ability to pay, a lender will evaluate your credit to show history of payments to qualify you for your loan.
This process allows you to evaluate your budget and understand expected monthly payments and other costs with a new home. Custom fit options are presented, based on the thorough review of your financials.
What do I need? The information needed for the pre-approval process to be completed typically includes the following:
- Paychecks for 30 days and W2s for current 2 years (self-employed or income driven loans may require Federal tax returns for the last two years.)
- Paychecks for 30 days and W2s for current 2 years (self-employed or income driven loans may require Federal tax returns for the last two years.)
- Social Security number, date of birth, and driver’s license.
- Social Security number, date of birth, and driver’s license.
- Bank statements and assets for the last 2 months.
- Bank statements and assets for the last 2 months.
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EXIT Realty At Home is the superior industry leader who makes your real estate goals the number one priority. Your success is our success. We apply our comprehensive market knowledge, seasoned negotiation skills, and on-going personalized client communication — all backed by EXIT’s modern & mobile technology. We are here to guide you home.