As soon as you're ready to start looking for a home, we recommend getting pre-approved with a mortgage provider. This is a crucial stage in the home-buying process since it explains how much the bank will loan you, what your monthly payment will be, and how much cash you'll need to close. It also provides you a leg up on other purchasers who haven't gotten pre-approval. A sure thing appeals to sellers. They want to know if a buyer is sincere and that they are prepared to proceed without any financial issues. Purchasing a pre-owned vehicle from a reputable lender helps to relieve these concerns.
Depending on how quickly you can give the essential information, the pre-approval procedure can take a day or two. We can give you a list of lender recommendations if you are new to the buying process or don't know where to start your lender search.
Here is a common list of documents you should prepare before meeting with a lender.
Employee
- Last 2 years of W2’s
- Last 2 years filed tax returns
- 2 current pay stubs
- 2 current bank statements
- Statements from investment accounts
- Copy of driver's license
- Copy of Social Security card
Self-Employed
- Last 2 years 1099
- Last 2 years filed tax returns
- 2 current bank statements
- Statements from investments accounts
- Copy of driver’s license
- Copy of Social Security card
If you have any questions regarding getting pre-approved or if you or anyone you know is thinking about buying or selling, please give us a call at (702) 803-3527.
