Admittedly, the Diva has never been a Boy Scout; however, she does have a soft spot for men in uniforms admire their preparedness. When you apply for a home loan, preparation is important.
Here is a list of some of the items you should bring with you when you meet with your Loan Officer for the first time:
1. A copy of your Social Security Card and Drivers License or state Issued Picture Identification Card.
2. Most recent 30 days pay check stubs.
3. 60 days Bank Statements for all accounts (Computer printouts are acceptable if the Bank Teller stamps each page). Include retirement and 401K accounts as well.
4. Your last two years W-2 forms. (Your last 2 years tax returns with all schedules if you are self employed).
5. Names, addresses, phone numbers and dates for all landlords and employers for the last 3 years.
6. Copies of any divorce decrees, or bankruptcy papers, orders of child support, documentation of release of lien or judgment.
7. If you do not have at least three lines of credit open for the last twelve months bring the names, addresses, phone numbers and account numbers for any accounts that may not report to the credit bureau. If you have limited credit these accounts can strengthen your application. Acceptable examples would include utility companies, insurance companies (if premiums are not payroll deducted), childcare, furniture rental, or car payments. Try to have at least three or four lines of credit ready to verify.
8. A copy of your Real Estate Contract.
Having all of these items with you at your first meeting is not mandatory, but it can speed up the approval of your loan significantly.
Who knows? You may even earn a merit badge in the process.
image:http://www.phawker.com/wp-content/uploads/2007/12/boy_scout.jpg
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