Buyer
W-2 forms or business tax return forms if your self-employed for the last two or three years for every person signing the loan. Copies of one or more months of pay stubs for every person signing the loan. Copies of two to four months of bank or credit union...
Buyer
If your income and savings are making home buying a challenge, consider these options. Investigate local, state, and national downpayment assistance programs. These programs give loans or grants to cover all or part of your required downpayment. National...
Buyer
Be sure you find a loan that fits your needs with these comprehensive questions. What are the most popular mortgage loans you make? Why? Which type of mortgage plan do you think would best for us? Why? Are your rates, terms, fees, and closing costs...
Buyer
Before you buy, contact the condo board with the following questions. In the process, you’ll learn how responsive—and organized—its members are. What percentage of units is owner-occupied? What percentage is tenant-occupied? Generally, the higher the percentage...
Buyer
What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information. How often are properties reassessed and when was the last...
Buyer
Check your home warranty policy to see which of the following items are covered. Also check to see if the policy covers the full replacement cost of an item. Plumbing Electrical Systems Water Heater Furnace Heating Ducts Water...
