The Property Emporium's National Relocation Service

                                           The Buyers Guide To Real Estate                                                                                                      By Robert A Reynolds                                                                                                           Money and Financing 

  What questions will most lenders ask? 

Here's the information most lenders will need:

1) The amount of money you wish to borrow and the length of time you will need the money.

2) Your current address, and if you have been at your present address for less than two years, your previous addresses. (In this area, you will need two years stateside addresses for a VA loan and your landlord's name if applicable.)

3) Your social security number.

4) Your present employer's address and, if you've been at your present job less than two years, your former employer's address.

5) Your gross monthly income.

6) Your bank account numbers and your approximate balances.

7) Your assets (real estate, personal property, paid-up insurance, etc.).

8) A complete list of your debts, with their account numbers and approximate balances.

9) A copy of the sales contract.

10) An account, in writing, of any problems concerning your application (bad credit, slow pays, lapse in employment, or student status, etc.).

• How long will it take for loan approval?

• What kinds of financing is available & how does the different kinds work?

• What questions will most lenders ask me?

• What steps will the financial institution take to process my application?

• After my loan is approved, what happens next?

• What actually happens at closing?

                                                           Planning

                                                           The Offer

                                                           choosing