Home Financing Library
Your Initial Meeting with a Mortgage Professional
The loan approval process generally begins with a conversation where you and a loan officer discuss your financing needs. You can send information
to your mortgage professional before the meeting to verify your income and long term debts. You may want to get a pre-approval before house hunting to determine in advance
how much you can afford and to ensure the seller knows your offer is solid. To complete a mortgage application, you may need:
- A purchase contract for the house (if you have one)
- Information to obtain your credit report
- Pay stubs, W‐2's and possibly full tax returns for income documentation
- Bank and asset statements for verification of liquid and retirement savings
- Any other necessary information based on your individual situation; for example, business tax returns, current real estate holdings, etc.
Once this information is received, you’ll confidently be able to look for your new home.