The document lists 5 things to have prepared before calling a lender about a home loan. These include your credit score and report, proof of current employment such as recent pay stubs, 2-3 months of bank statements, the last 2 years of tax returns, and documentation of any other income or expenses. Being prepared with these documents can help smooth the loan process.

1. 5 Things to Have in Your Hand
Before You Call the Lender

2. 1. Your Credit Score – Know your credit score before you call the lender.
You need to know the actual score as well as if there are any derogatory
items on the report… late payments, charge offs, collections, etc. If your
score is over a 640 with no real issues… you could be ready to buy

3. 2. Proof of Employment – The lender will ask for the last two
months of paystubs in order to verify employment. If you are self-
employed, then you will be asked to provide financial statements.

4. 3. Bank Statements – You will be asked for the last 2-3
months of bank statements – all pages and all accounts. Be
prepared to provide documentation for large deposits

5. 4. Tax Returns – You will be asked
for the last two years of tax returns

6. 5. Other Income or Expenses – The lender will want to know if you receive child support, alimony, disability or
other forms of income. You will need to prove the amount, how long you have received it and how long it will continue.
You will also be asked for proof of expenses such as student loans, alimony or child support that you pay. Again, how
much and for how long.

7. Don’t be upset over having to provide these documents to the
lender. The more the loan officer knows upfront, the smoother
the transaction will go on the back end. Just be prepared.
~ Knowledge is power ~

8. HAVE A REAL ESTATE QUESTION? CONTACT ME!
ritacox@kw.com
www.ritacoxrealtygroup.com
(678) 467 - 1229