Before Applying For Home Financing

Home Mortgage Loan Learning Center

BEFORE APPLYING FOR HOME FINANCING

Mortgage-Broker.gif

WHAT THINGS SHOULD I DO

BEFORE APPLYING FOR HOME FINANCING

Get a free copy of your credit report- by getting your credit report before going to a financing agent you can seek to have any mistakes corrected or smaller debts paid off before the lender even sees your credit report.
Have the necessary documentation to secure a loan prepared, by far the most common delay in processing a loan is waiting on missing documentation. In general most loans require the names and address of land lords and employers for the past two years, You may require IRS-W2 forms and personal tax forms for the past two years if you're self-employed or receive the majority of your income from commission or rental property. Recent pay stubs and bank statements as well as IRA's and 401k information. Divorce decrees and statements from your ex-spouse showing what debts he/she released you from
If making a down payment any documentation related to the source of the down payment will likely be required to verify where the source of the monies.

Although every effort has been made to keep this information accurate, the information provided by the First Arkansas Financial website is provided for information purposes only. First Arkansas Financial makes no warranties or representations about the completeness or accuracy of the information provided in the content found in the First Arkansas Financial website. The information contained within may or may not apply to your specific situation, and it should not be construed as financial advice. Because financial requirements are continually changing, please consult a mortgage professional with any questions you may have. First Arkansas Financial Inc. is a mortgage broker that provides home loan financing services in the following states: Arkansas, Missouri and Texas.

●Home ●Learning Center ●Loan Center ●Services ●Ask Us ●About Us