1. Prepare Documents Before you even tour one house, consider getting pre-approved for a mortgage. This will make your ultimate offer a lot stronger. Pre-approval requires a lot of documentation, so start pulling it together. Make sure to get: Your ID — driver’s license, passport, etc. Your two most recent pay stubs. Your last two completed tax returns. A personal financial statement — a statement of all your assets and liabilities, income and recurring expenses. All recent bank account and investment account statements. Title to any assets.
2. Get Pre-Approved For a Loan As mentioned, a pre-approval letter from a reputable lender makes your offer much stronger. It gives the seller confidence that the deal will actually close because a lender has thoroughly vetted you as a borrower and given you a verified stamp of approval. All the documents noted in step one will be required for a lender to pre-approve you. Note that pre- approval is a much more intensive process than pre-qualification, and sellers take it much more seriously.
RITA REALTOR | BROKERAGE 904-555-5555 | Rita@realtor.com | www.Authorify.com
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