Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent. Here is a checklist of what you will need to provide to the lender:
·W-2 forms or business tax return forms if you're self-employed) for the last two or three years for every person signing the loan.
·Copies of at least one pay stub for each person signing the loan.
·Account numbers of all your credit cards and the amounts for any outstanding balances.
·Copies of two to four months of bank or credit union statements for both checking and savings accounts.
·Lender, loan number, and amount owed on other installment loans, such as student loans and car loans.
·Addresses where you’ve lived for the last five to seven years, with names of landlords if appropriate.
·Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
·Copies of your most recent 401(k) or other retirement account statement.
·Documentation to verify additional income, such as child support or a pension.
·Copies of personal tax forms for the last two to three years.
Interest rates are currently below 4.25% and you only need a downpayment of 3.5% on FHA or 5% on conventional loans. Also, USDA100% financing is back and you can now get in for zero money down. Income limits and certain restrictions apply.
It's a great time to buy real estate so give me a call and let's start your home search today! Also, if you are thinking about selling, a complimentary analysis of your home’s value and what you can net if you sold your home “now”, contact me today!
Thanks for your time and I look forward to assisting you with your real estate needs.
Author:Deborah Boyd Phone: 940-368-1306 Dated: April 13th 2016 Views: 987 About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: email@example.com
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice
CoreLogic’s latest Equity Report revealed that 91,000
"I have purchased and sold many homes. Kim helped me with my last purchase and I am happy to say that she is the best real estate agent I have ever worked with. She was able to quickly understand what I was looking for, help me find the right property, and negotiate a great deal. This combined with her attention to detail and her constant effort to get the transaction to close made for a great real estate transaction experience. Thanks for your hard work! "