- Buying a home can be time consuming. One way to save time is by organizing all the
necessary documents most lenders require, such as those that prove
employment and income. Typically, lenders want two recent pay stubs, two
years of tax returns, bank statements, proof of assets, such as 401(k) and
trusts, and debts, such as credit card statements. Documents are especially
important for borrowers who are self-employed.
- Even if a home purchase is months or years away, having good credit history is
essential. A few points on a FICO score can mean the difference between a
higher or lower interest rate offered on a mortgage loan.
- Borrowers also are advised to monitor home-lending rates. Every Thursday, Freddie Mac
officials calculate average mortgage rates by compiling rates from lenders
across the U.S. on Monday through Wednesday. Rates can be found at
- Get pre qualified with your lender. Otherwise know your credit score, so you can
improve it. Most sellers will not consider your offer without preapproval.
- Visit East Bay Real Estate to search available MLS listings, and view homes
that best meet your needs and lifestyle. Most listings will shoe multiple
pictures or virtual tours.