Page 14 - Homepride Group Realty

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Talk with a Lender
The next step you’ll want to take is to speak with a lender. Even if you intend to pay cash for your home, you might want to talk to a lender about financing, just so you know your options. The lender can be your bank, credit union or a mortgage broker. Your lender is a crucial member of your home buying team, so it’s important to find someone who can not only offer you great loan options, but also provide one-on-one guidance and support to make sure you get the right financing for your needs. Your agent is an excellent source for a recommendation. There are free online courses that help people understand the buying process but speaking to a recommended lender is the best source of accurate information. It’s important to get a firm answer right up front about how much home you can qualify to purchase, so this is a vital first step in your home search.
When you meet with the lender, be prepared to bring all your information with you. Generally, you can follow the “rule of 2”; you will need the 2 most recent pay stubs, W2s, bank account statements and tax returns.