Home Buyers Guide Step 2 get Loan Approval Letter
Get pre-approved for a mortgage.- There is a difference between pre-approved a pre-qualified. When you get pre-approved, a Loan Officer will ask for the following documents: Taxes for the last two years, Bank Statements for the last three months, pay stubs for the last two months, employment verification , verification of down payment funds, and verification of your credit. Upon you providing all these documents, a Loan Officer will have enough information about you to issue a pre-approval letter. Just for your information a loan pre-qualification letter is worthless, experienced Real Estate Agents will insist you on providing a loan approval letter before taking you out to show you properties. Even if you are not currently working with an agent, if you don't have a loan approval letter, don't waste your time running around looking for the perfect home, you don't know how much you can afford, therefore you may be looking at the wrong properties. More information for the First time home Buyers in Atlanta can be found at www.kstrealty.com