Get Pre-Approved for the mortgage before you start looking at homes

The first step in the mortgage Pre-approval process is to submit your financial documents, such as pay stubs, tax returns, W2s or 1099 (if self-employed), bank statements and any other asset statements.

The initial step to obtaining a mortgage is to get a copy of your credit report.

A government recognized web site for credit reports is http://www.annualcreditreport.com

Upon receipt of your credit report, be prepared to bring or send your Mortgage Broker the following documents:

The most recent 30 days’ worth of pay stubs, or year to date Profit & Loss, if self employed

Last 2 year’s W2/1099 and tax returns.

Last 2 months or quarterly asset statements.

Your Mortgage Broker can then calculate your debt to income ratio, which will determine the maximum loan amount you will qualify for.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.