Three Steps Prior to Looking for Your First Home

Are you excited to buy your first home?
Here are 3 very helpful steps to take, prior to going down this exciting path:

1. Gather income & asset documents you will need to get preapproved.

  • Your most recent 30 days of pay stubs
  • Most recent 2 months of bank/credit union statements
  • Most recent 2 years, W2s, 1099s, K-1s
  • If self-employed, you will also need your most recent 2 years of federal tax returns, both personal and business

2. Contact at least 2 mortgage lenders to get preapproved and learn about the loan options they have available that you qualify for.

This is the biggest purchase you will make in your life; make sure you are getting the best loan for your needs.

3. Contact a realtor to provide you with listings that fit your desired home specifications in your approved price range and learn about the current housing market and surrounding communities.

If you do these 3 steps before you start looking for a home, it will help make your home-buying process much more smooth and timely. Be prepared so you can make informed decisions regarding this wonderful life event.

Blog Post Written By: Julie Rajek
Julie Rajek is a Bank Five Nine Senior Mortgage Lender with nearly 20 years of experience and has helped thousands of homebuyers realize their dream of homeownership.
To learn more about Julie, apply for a loan or to receive a free consultation click here
.

More Posts

Giving Back Season Starts Now

Giving back isn’t just a December thing-it begins in the fall. Food pantries, coat drives, and local nonprofits see needs spike well before the holidays.

Smart Ways to Savor Fall

Fall in Wisconsin is magical: pumpkin patches, Friday night football, apple orchards, and car rides to catch peak colors. But these seasonal outings often come with sneaky expenses that can throw off your budget.

You Might Also Like:

Giving Back Season Starts Now

How Community Banks Differ from Credit Unions

When people talk about where to keep their money, the conversation often...

Smart Ways to Savor Fall

Fall in Wisconsin is magical: pumpkin patches, Friday night football, apple orchards,...

Let us know what you're looking for!

You are leaving bankfivenine.com

Bank Five Nine is not responsible for the content. Do you wish to continue?