| When you're about to purchase a new home from the | | | | would do. Keep in mind to make copies of these and |
| available Tampa homes for sale, you need some | | | | do not give the originals. |
| paperwork to process your mortgage application. | | | | - Lenders also ask for two months of bank |
| However, before talking to a lender, it's advisable to | | | | statements, but there are those that ask for three |
| look around and compare each loan type. You should | | | | months. Make a copy of these and be sure to include |
| also request a good faith estimate or GFE. | | | | each page. |
| One more thing, you should examine your credit report; | | | | - You also need to prepare copies of last year's |
| you are allowed to get a free annual credit report. If | | | | Federal tax returns. If you still haven't filed it, then the |
| there are any mistakes, have it fixed immediately. | | | | last two years will do. You should include all schedules |
| Take note of late payments because if you have too | | | | and make sure that you have signed it. |
| many of these, your FICO score (also known as credit | | | | - You should also make a copy of your latest driver's |
| score) will be badly affected. However, even if you do | | | | license; it needs to have a photo of you. If you're going |
| have a low score, you may still get an FHA loan. | | | | to meet with your lender in person, it's advisable to |
| To start processing your loan application, here are the | | | | bring it with you for identification purposes. |
| necessary paperwork you need: | | | | - Make a copy of every asset statement you have if |
| - Your employment must be verified by the lender by | | | | you own retirement accounts, mutual funds, bonds, or |
| means of sending an employment verification form to | | | | stocks. Most lenders generally prefer hard copies over |
| your employer. Remember to notify the latter about | | | | soft ones, but they still accept online statements if |
| this. Ask the human resources department in your | | | | that's how you get them. |
| company to send it back immediately. | | | | Being ready can really be helpful when purchasing |
| - Prepare your wage and tax statement (W2s) that is | | | | Tampa real estate. Here's another tip: don't pay any |
| given out by your employer for a year. This is the one | | | | costs to a lender until you have a final decision about |
| that you attach to your income tax returns. Generally, | | | | the mortgage lender you'll use as there are many of |
| the lender would ask for the last two years of your | | | | that ask for a credit report fee, which are really paid in |
| W2s. | | | | advance, along with the appraisal, when you're ready |
| - Your current pay slips are also needed; the last two | | | | to take the loan. |