Before you buy a house, we need to make sure you are ready!
I realize a lot of people go house hunting online many (many) months prior to really being "ready" to buy. But being "ready" might mean something different to you than it does to the real estate world.
Being ready in the real estate world means that either you have the cash in hand to buy a home (ha! not many of us have that!) OR that a bank/lender has reviewed your finances and will give you a loan to purchase a home.
So this means that if you have cash in hand- let's go shopping! Otherwise, I can connect you with a LOCAL lender immediately so we can get the ball rolling. A lender will ask you to go to their office, or fill out an application online with a lot of personal information.
Sometimes this information seems a bit intrusive, but remember, they need to be able to justify loaning you money! And probably more than just a couple bucks. So be ready to provide documents such as:
Being ready in the real estate world means that either you have the cash in hand to buy a home (ha! not many of us have that!) OR that a bank/lender has reviewed your finances and will give you a loan to purchase a home.
So this means that if you have cash in hand- let's go shopping! Otherwise, I can connect you with a LOCAL lender immediately so we can get the ball rolling. A lender will ask you to go to their office, or fill out an application online with a lot of personal information.
Sometimes this information seems a bit intrusive, but remember, they need to be able to justify loaning you money! And probably more than just a couple bucks. So be ready to provide documents such as:
- Photo ID
- Tax Returns
- Pay Stubs
- Bank Statements
- Retirement Accounts
- Rent History
- Divorce/Bankruptcy/Foreclosure Information
- Car loans
- Student loans
- Gift Letters
- 1099s
- Investment Property Income
- Potential rental Income
- Bank Statements
- And the list goes on......
Once your lender reviews your documents, they can do one of two things. They can 1.) Loan you money to purchase a home or 2.) They can help guide you, over the next few months or years, with a plan to shape your future finances so that the bank will loan you money in the future to buy a home.
So it is a WIN-WIN either way!
So it is a WIN-WIN either way!
