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Preparation before Buying a Home


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


1)      W2, 1040 Last two years
2)      6-8 weeks paystubs
3)      Profit and Loss Documentation if your are Self Employed
4)      Investments
5)      Retirement Plans
6)      Other Assets such Stocks, Bonds or other Real Estate
7)      Child Support and Spousal Support (If Applicable)
8)      Other types of Support
9)      Bank Statements


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.
ADVERTISEMENT: This website contains attorney advertisement within the meaning of the Rules of Professional Conduct governing the practice of lawyers in the State of New Jersey.  This website is considered an “advertisement.” Before making your choice of an attorney, you should give this matter careful thought. The selection of an attorney is an important decision. If the representations made on this website are inaccurate or misleading, you may report this to the Committee on Attorney Advertising, Hughes Justice Complex, P.O. Box 037, Trenton, NJ 08625.


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