Carlos, the main documents/information needed for a buyer are: Two years residence and employment history. Current paystubs, current W2s Two years tax returns if self employed or show other types of income (rental income, interest/dividends, etc.). Personal and corporate if applicable. Two months asset statements for all accounts where funds for closing and reserves are coming from Credit will also be run Some lenders, (like the one that helps many of my buyer clients), have alternative documentation programs where tax returns may not be required, e.g., bank statement programs for self employed if income from returns don’t substantiate qualifying income.
You're ready for a bigger home, but you're stuck in a catch-22. If you sell first, you might end up scrambling to find temporary housing while your family lives out of boxes. If you buy first, you could be stuck carrying two mortgages while your current home sits on the market longer than expected. Meanwhile, the market does not wait for you to
Buying a house in a seller’s market can feel overwhelming and intimidating. The limited inventory means buyers often enter bidding wars and try to make offers above the listing price when they can. However, you don’t have to put your buying plans on hold just because you live in a seller’s market. There are multiple strategies available to f
Getting a bargain on a home in need of repair can seem like an opportunity to save money. For many first-time buyers, fixer-uppers feel like the last way into desirable neighborhoods. Lower prices and less competition can be appealing, especially in a hot market. However, these homes come with risks that may not always be apparent in the listi
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