Finances
Finding Your Perfect Home
Before you officially begin your home search, I always recommend to begin with talking to a lender and getting pre-approved. A lender will be able to answer all of your questions regarding finances and give you a clear understanding of the exact price range you will be pre-approved for and an estimate of the expenses to expect.
Questions to ask when interviewing potential lenders...
- What is the best type of loan for me?
- Do I qualify for any special discounts or loan programs?
- What interest rate can you offer?
- When can you lock in my rate?
- What fees can I expect from you?
- What are my estimated closing costs?
There a many different factors that the lender will use to calculate your preapproval. It's always best to be prepared, so here are a few of the documents you can begin to gather together and can expect to be requested:
- Tax Returns
- W-2 Forms
- Pay Stubs
- Bank Statements
- List of Monthly Debts