Want a fast and easy homebuying process? Of course you do. So how do you set yourself up for success? Start gathering your paperwork.
It may not be the most exciting part of buying a home, but it’s necessary to see where you stand and what you qualify for. Having your current financial records pulled and ready to go is the first step.
Here’s what you and any co-borrowers will need for a smooth loan process:
Will you be receiving a financial gift from friends or family to pay for your down payment or closing costs? Then you should also have a gift letter to disclose that amount of money. And don’t forget to bring a copy of your driver’s license, as well as that of any co-borrowers.
Keep in mind that you may be asked for additional proof of income and assets. It will depend on the loan you’re applying for, as well as your employment status, income, debts and other unique financial factors.
Have questions about what documents you’ll need? Already have your paperwork in order? Get in touch to apply for your loan today.
Content provided by Outbound Engine.