Buying a home is a very exciting time for many people. The purchase of a house typically marks the start of a new chapter in a family’s life. That being said, the process of purchasing a home is often very complex and document-heavy. Anyone who is making the decision to purchase a home will need to collect a variety of documents that will be required in the process of obtaining a mortgage. Some of the paperwork that a buyer will need to provide to the lender includes:
- Tax returns for the last two years
- W-2 forms for the last two years
- Proof of current income, typically 30 days-worth of your most recent paystubs
- Bank statements for each of your bank accounts for the last two months
- Bankruptcy discharge papers, if applicable
- Divorce decrees, if applicable
- Photocopies of your driver’s license
- Contact information for the insurance agent of your choice that you will purchase home insurance through
It is important that you gather all of this paperwork as soon as you find the perfect house. Before you can go house-hunting, it is important for you to get pre-qualified through a lender so you have an idea of how much house you can afford. In order to get pre-qualified, you must have decent credit, at least, and have capital in your bank accounts. If you have questions about buying a home, contact us today.
Joseph Gachko, Esq. is an experienced New Jersey attorney who can assist you in any of your estate or real estate-related legal matters. If you require legal counsel for your real estate matters, please contact The Law Office of Joseph Gachko today to set up a consultation.