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  • Writer's pictureKristi Norton

What You Need to Get Started with a Loan

Updated: Mar 7, 2021

You are ready to buy a home. Or you are ready to refinance your existing mortgage. Either way, there are a few things that you will need to start the application process, and if you have them ready before we talk, the process will go along even faster.

If you are like most people, these are things that will take a little time to gather, but they are not burdensome. You probably already have them on your computer or can get them quickly by logging in to your providers.

For purchase and refinance

  • The most recent two (2) years tax returns

  • The most recent two (2) years W2s

  • Last three (3) months bank statements

  • The accounts you use for regular bill payments

  • Any accounts for assets like 401Ks, investment accounts, etc.

If you are self-employed or a business owner, you are in luck! I specialize in working with borrowers just like you, so also include

  • The most recent two (2) years business tax returns

  • The most recent two (2) years K1s

For purchase

  • The most recent two (2) years K1s

  • The accounts you will be using to make a down payment if a purchase

For refinance

  • Last three (3) months of the following

    • Mortgage statements

    • Homeowners insurance statements

    • Homeowners Association (HOA) statement

    • Current year property tax bill

As you can see, this looks like a lot, but as I said, most of this stuff is easy to find in your files or through online access to your bank, mortgage company, and the like. Set aside a couple of hours dedicated to gathering the docs, and let’s get started!

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