How To Be A More Effective Borrower

Have you wondered lately what changes are in store for those seeking money from financial institutions.  Well, let me tell you.......

To begin with you need to provide more documentation than before.  Below is a list of documentation you would want to have ready BEFORE you apply for a loan.

• 30 days Current Paystubs
• 2 Months of Bank Statements (all accounts used on application)
• 2 Years of Tax Returns (include W-2's)
• Current Mortgage Statement
• Copies of any Bankruptcy Paperwork (all pages and discharge) if applicable
• Copy of Divorce Paperwork if applicable
• Copy of any junior liens (2nd mortgage notes and monthly statement) if applicaple
• Copy of Drivers License

By having this documentation ready you are saving time and money.  When applying for a loan, every second counts and you want to be thorough.  Less time gathering paperwork gives you more time to listen to your options and really understand the process.  Call me for more information when you are ready to begin!