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Jones Hollow Realty Group
Talk with a Lender
One of the first steps to take in the homebuying process is to speak with a lender. It’s important to consult with a mortgage professional who will determine how much home you can qualify to purchase. Lenders use specific calculations to determine your qualifying income. A trusted mortgage professional will use a number of tools to determine how much you qualify for, and be a valuable resource for the duration of the home buying process.
Your lender will need certain information and documents from you. You will need to have the following documents ready--pay stubs, W2s, bank account statements and the last 2 years tax returns. The lender will run your credit and use your FICO scores as well as the debt listed on the report to determine your debt-to-income ratio. After a thorough review of all of your documents and information, your lender will be able to provide you with an accurate and detailed loan estimate.
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