Make House Hunting Easier ( What You Want To Know Wednesdays )

Applying for a home loan can be overwhelming; it can be helpful to keep all of your important information organized. There are several tools that help accomplish this, such as accordion file folders, binders, or manila folders. You can keep your documents separated and organized in categories. Some helpful categories may be income, down payment (or proof of gift funds ), divorce decree, bills, etc. Loan Officers will calculate your monthly bills – it is helpful to have them all in one place to use for information. You may have a similar system in place for your bills. In addition to those important documents, keep a checklist in your folder to keep track of what you have and still need.

 

Looking at prospective homes can also be overwhelming; create another folder for this adventure! Most realtors create flyers for the homes they are showing. These flyers are great to keep to reference later and also useful to take notes on. Each home should have its own folder, and you can number them in order of how important the house is to you. You can search your app store to find apps that can help you keep this information organized as well.

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.