One of the first steps in buying a house would be getting pre-approved for a home loan. The reason why you should get pre-approved first is so you can get an accurate idea of how much you can afford. Once you know this, you can start looking for houses in your price range. Also, offers from buyers who are already pre-approved are taken more seriously than offers without a pre-approval.For a pre-approval a lender will review your credit files to see if you are able to qualify you for a loan.
Here is a list of documents you may want to have ready when seeking a pre-approval:
- W2 forms from the past 2 years
- Pay stubs from the last 2 months
- Tax returns for the past 2 years
- Checking or savings bank statements for the past 3 months
- Statements for all your other assets like stocks, bonds, retirement accounts for the last two months
- Business tax returns if you are self-employed
These are just some basic things you'll need for the first steps in looking for a home. If you have any other questions or need a loan please contact me through the information on my profile page!
Hope this helps and good luck!
Sr. Mortgage Banker
NMLS # 659743
I wonder if it is possible to have the buyer's get pre-approved from the park before you agree to sell it on contract. That way, they can take full responsibility for the space rent and you can always take a bit less on payments and extend the time period if they buyer gets in a pinch.... more
There is no magic answer to how much a Pet Deposit should be. The quickest easiest answer is "when in doubt, say no".
Each bread of pet is unique and different so there is no one size fits all answer. Did you know some insurance carriers won't even give you Home Owner's Insurance if you have certain breads of pets (i.e. pit bulls)?
If a puppy chews all your door casings and pees all over, how much will it cost to replace?
If a cat pees all over and sprays the walls, how much will it cost to use a product like Kills to seal in the odor before you replace the carpet and pad?
I have pets, so I am sympathetic to pet owners; however, I have personally spent over $3,000 repairing damages over and above a pet deposit since the tenant didn't have any money to go after for the additional damages!