It has Got to Be Here Somewhere?

Yes, It has Got to be here Somewhere! I try to prepare my buyers for what is needed for a loan application, such as current payroll stubs, bank statements, income tax returns, etc. And there seems to be 2 types of buyer groups out there, those who have all of their important documents in one file, clearly labeled, organized, ready at a moment's notice when needed. And then we have the other type of buyer who just knows their important paperwork & documents are in a very "safe & secure" location, but just 'where' that particular location is right now, is anyone's guess. And this is what I hear: It has Got to Be here Somewhere....

So if you fall into this last buyer type grouping, thinking of purchasing a home...it might be a good idea to start that search for the needed documents now. If you can't locate certain documents, such as divorce decrees, bankruptcy papers, proof of medical collections paid, bank statements...think about where you could find them, or perhaps request a copy. You will make the loan process go much smoother if you are well prepared at the start.

So, don't be throwing away your payroll stubs, don't be shredding your bank statements, remember where you put those last 3 years tax returns along with W-2's, if you had a divorce - look for a copy of that divorce decree, been through a bankruptcy - look for your copy of the bankruptcy report showing what accounts were claimed & have a copy of the discharge paperwork, are you paying child support or receiving child support - documentation needed there as well.

If you would like a list of what items will be needed for a loan application or pre-approval, give me a call @ 440-309-5209 or e-mail at: info@CarlaHarbert.com . Lenders will not accept the excuse of "it's got to be here somewhere", you need it, and you need it now!