HOME BUYING 101

Home Buying 101 … What’s the FIRST Step on your road to becoming a Home Owner?  The First Step to becoming a home owner is to sit down with a Lender – a Banker or a Mortgage company representative.  They will be able to determine your ability to qualify and repay a mortgage loan based on your personal financial information.

In your Home Buying 101, your Lender will be able to require the following information from you:

Complete and sign the attached credit authorization / charge form

·         2014/2015 federal tax returns all pages (the California returns are not needed)

·         2014/2015 W2’s and / or 1099

·         1 month current paystub

·         2 months bank statements  (all pages even if blank)

·         Driver’s license

Why Getting Pre-Approved Should Be Your First Step

In many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.  Read More..

The Fall 2016 Edition of the Home Buyer Catalog is available NOW.  Sign up HERE for your FREE E-Guide!

Home Buyer 101 – Step 2 … Contact Your Realtor!!