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Qualifying for a Loan

Before you start shopping, it behooves you to prepare.

Assemble all your important financial documents.

You will need them to obtain financing for your property. The typical financial file could contain:

Pay Stubs
Financial statements
Bank statements
Investment statements
Credit card statements
Existing Loan statements
Two years Tax returns
Copies of leases
401K statements
Life insurance

Your credit score.

It will have a huge impact on your ability to qualify, and for how much. We recommended you check your credit rating with your lender. She will obtain your scores from the three credit major reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders we have had a good experiences with.

Be Careful With Your Finances.

Now is not a good time to make a career change or a large purchase on credit. You want to approach your property purchase from a position of financial stability.