Think of Investing in a Home? With historically low rates
and rents constantly increasing it is a good idea if you are financially
able. Times have changed however, now
you need to be prepared for the paperwork that is required. From making sure that your credit score is
high enough to get a good rate to lowering your debt. Among the list of documentation that you
should be prepared to provided are
W2, 1040 Last two years
6-8 weeks paystubs
Profit and Loss Documentation if your are Self
Other Assets such Stocks, Bonds or other Real
Child Support and Spousal Support (If
Other types of Support
As frustrating as the requirements to approve for a loan,
buying a home can be a rewarding and sound investment. It is important to make sure that you are
conscious of what you can afford. You have to think of maintenance, taxes and
updates. Most people do not buy a new home so the likelihood is that you will
invest some money in remodeling.
For more information about the home buying process or to
inquire about our attorney closing services please contact us at (201) 880-5563.
Disclaimer: The contents of this website are of general nature and not intended to be a substitute for legal advice or the formation of a lawyer-client relationship. In order to be properly represented, please contact your local professional. In addition, the information given on this web site has been composed by a New Jersey attorney practicing exclusively in New Jersey. None of the information contained herein should be deemed to apply in other states, nor should this website be construed as an attempt by the author to practice law in any state other than New Jersey. If you have any question regarding this website please contact our office directly at (201) 880-5563.
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