New Homeowners Checklist

Homeowner checklist

Don't forget these important items on your to-do list.

  • Call gas, water and electric companies and transfer service into your name.
  • File a change of address with USPS and IRS.
  • Notify credit card companies, bank and investment companies of your new address.
  • Update your license, registration and voter card.
  • Update passport.
  • Alert your internet and cable company.
  • Find out your neighborhoods designated trash days.
  • Install outlet covers if you have small children.
  • Develop a family escape plan in case of fire.
  • Locate main circuit breaker and water shutoff valve.

Essential Documents Needed to Qualify for a Mortgage

Mortgage Docs

Shopping for a new home is probably one of the most exciting and most stressful times in your life. Deciding on one story versus two, new versus pre-owned, location, schools…so many decisions. Before you spend hours on the web searches and open houses, it is important to get pre-qualified for a loan. There are 8 essential documents that you will need to pre-qualify:

  1. Previous 2 years W-2s

  2. Previous 2 years tax returns

  3. Previous 2 months paystubs

  4. Evidence of other income (Child support, etc)

  5. 2-3 months of bank statements

  6. Home addresses for the last 2 years

  7. List of consumer debts

  8. Social Security card of each purchaser

Other items to consider is your credit score. Most lenders require a FICO score of 620 or above to approve a conventional loan. To find out your credit score, visit CreditKarma.com. It is free and will provide scores from the three main reporting credit agencies, TransUnion, Experian, Equifax.

Your lender can help you decide what type of loan is best for you, as well as what price range best fits your budget.

Now you are ready to shop for your dream home! Happy hunting!

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