First Meeting with a Bank or Lender.

Buyers should always be prepared when meeting with a Lender or Bank to get pre-approved. Homes that are priced right and in great condition are starting to move quickly. Being prepared to write an offer at any time when looking for a home is a must. In order to get a pre-approval from a bank it's good to always have all your documentation ready for review. Not having the proper approval letter could cost you your dream home. So what do you bring to the appointment. Below I have examples of what a lender or bank might request to pre-aprove you. Keep in mind that every bank is different and that your Real Estate agent should call them prior to the meeting. A well prepared team is a successful one! Happy house hunting!

What to Bring to Your Loan Appointment:

* W2's and 1040 tax returns for the past two years

* Paycheck stubs covering one month

* Residence addresses – covering the past two years

* Names and addresses of each employer – covering the past two years

* Last two months’ statements for all assets (i.e. checking, savings, stocks, retirement accounts, etc.)

* Addresses of other real estate owned

* Payment for credit report and appraisal

* Photo ID