What drives mortgage rates?

What causes mortgage rates to rise and fall?

Here are a few of the reasons, courtesy of Adrienne Weiss at Guild Mortgage.

Posted on March 9, 2017 at 4:27 pm
Bobby Stevens | Category: Home buying, Loans | Tagged , , , ,

What documentation do you need to get a home loan or pre-approval?

Loan pre-approval

While income and a good credit score are important, one of the biggest tasks you face as a borrower is gathering all the necessary documentation to provide to your loan officer to get the process started.
Keep in mind that you won’t know your price range for a home until you get your pre-approval. I work with great loan officers, with different areas of expertise, but the one thing they all expect you to provide is listed here:

  • 30 days of paystubs, with year to date income information
  • 2 months of bank/asset statements (all accounts/all pages
  • Last 2 years W-2’s and/or 1099 forms
  • Last 2 years of Federal Tax Returns with schedules
  • If self-employed, last 2 years Federal Tax Returns for business
  • Most recent retirement statement\
  • Social Security Awards Letter (if applicable)
  • Complete Divorce Decree (if applicable)
  • Bankruptcy papers (if applicable)
  • Alimony and/or Child support information (if applicable)
  • Mortgage Statements/Tax/Insurance information for all properties owned

To connect with a loan officer who can provide the best service for you, give me a cal, text or email and I’ll send you in the right direction on your path towards your home purchase.


Posted on February 21, 2014 at 5:47 pm
Bobby Stevens | Category: Home buying, Loans | Tagged , ,