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Loan Checklist

Interested in getting a loan? Here’s a checklist of documents that you need ready and available to begin this process. Documents required vary from loan to loan, but generally the following are required, often for up to two years back: Statements of income such as last two years W-2’s, two current pay stubs, and the […]

Mortgage Preapproval Affect on Credit Ratings

Does Shopping Around for a Mortgage Preapproval Hurt Your Credit Rating? For serious home shoppers, especially in competitive housing markets, it isn’t enough to be prequalified. You also need to be preapproved for a loan amount equal to or greater than the price of the home you’re considering (minus the down payment).  That said, stringent […]