Before you begin your search for the perfect property, it is important to organize your financial information. If you will be financing your purchase, you will need to provide the following information to your lender:
- Tax returns for two years
- Financial statements
- Recent pay stubs
- Bank accounts
- Credit cards
- Investments
- 401K statements, life insurance, stocks, bonds, and mutual account information
- Auto loans
- Copies of leases for investment properties
What Is Your Credit Score?
Your credit rating has a lot to do with the amount you will be able to finance. We recommend having your lender check your credit rating. Reputable lenders will check your credit score by researching your information on these three agencies: Equifax, Experian and TransUnion.
Need A Lender?
We work with trusted lenders every day. If you want to get pre-approved, we’ll be happy to recommend a reputable lender to explain the process.
No Big Changes
Any career changes or new loans you incur will likely alter your loan approval. Once you are pre-approved to buy property, you should avoid major life changes or large purchases.
