Learn more about financing your real estate purchase~
Lenders want your business and will be happy to discuss what sort of loan and loan amount you may be eligible for. Your lender can usually provide the following for free but will later need documentation to proccess your loan.
Always ask for
Your lender can usually provide the above for free until later when you are ready to lock in your loan.
What you will need to apply for a loan~
Personal Information
1- Addresses last two years
2- Employer information for last two years
3-Copies of W-2-s for last two years
4-Copy of most recent pay stubs for full month
5- Driver's License
6- Social Security number
MISC~ Any and all as may apply:
Any copies of information regarding divorce decrees, alimony, child support, or VA eligibility certificate.
Assets
1- Checking/saving statements for last 3 months
2- Money market/annuity/IRA accounts statements for last 3 statements
3- Real estate asset information such as deeds/ leases/ sales contracts
Liabilities
1- Credit cards
2- Personal loans
3- Vehicle loans (car, RV, boat)
4- Mortgage loans
Useful websites to learn more about financial matters and real estate
- Learn about mortgages: The Mortgage Professor: http://www.mtgprofessor.com/
- Special state loan program that provides downpayment assistance http://www.nvrural.org/
- Wells Fargo Home Mortgage: https://www.wfhm.com/wfhm/cathy-rixey/index.page
- Eagle Home Mortgage: https://www.eaglehomemortgage.com/Advisor/Advisor.asp?EVENT=SHOW_BIO&ADVISOR_ID=834&SHOW_APPS=Y
- Free Annual Credit Report: https://www.annualcreditreport.com/
- Taxing questions for the IRS http://www.irs.gov/formspubs/lists/0,,id=97819,00.html
- Fannie Mae: http://www.fanniemae.com/index.jhtml
- FICO score information: http://www.myfico.com/CreditEducation/
- Facing forclosure? http://articles.moneycentral.msn.com/Banking/HomeFinancing/FacingForeclosure9Options.aspx?page=all
- ARM about to reset?
(call 888-995-HOPE)
to reach a HUD-approved counselor & the Home Ownership Preservation Foundation.
