The Top 10 Things to Consider before You Meet with Your Lender

Meeting with a Mortgage Consultant is an important step in the home buying process. In order for this meeting to be as valuable as possible, it's important for you to be prepared. Here is a list of issues you may want to consider before meeting with a professional:

1. How long will I live in this new home?
2. Do I know what my monthly income and debts are?
3. Do I have a monthly budget I can bring?
4. What is the maximum payment I feel I can afford?
5. Do I have an idea of the price range I will be looking in?
6. How much money will I available for closing costs and down payment when I purchase a home?
7. Do I have a family member who is planning on giving me money for my home purchase?
8. To my knowledge, do I have credit issues I'll need to discuss such as late payments or collections?
9. Is there any incorrect information on my credit report I'm aware of?
10. Am I prepared to outline my job history and residence history for the last two years?