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Mortgage Information
To view Mortgage Calculators, click here. 
Prequalified vs. Preapproved
Prequalified is based on a lender’s opinion – preapproved is based on verification of information. Being preapproved means you can close sooner and enhances your negotiating position as a buyer. Here is information your lender will require for pre-approval:
Pre-Approval Checklist
Income:
þ Most recent month’s pay stubs
þ Most recent year’s W-2
þ New employment? Bring offer letter or contract
þ Self employed? Most recent year’s tax return
Debts:
þ Account numbers
þ Account balances
þ Monthly payment
þ Child support/alimony - amounts
Miscellaneous:
þ Address for past 3 years
þ Landlord/lender name, address, phone – past 3 years
þ Employer name, address, phone – past 3 years
þ Most recent bank statements for checking/savings
þ Most recent bank statements for investment accounts
To Pre-qualify or learn about getting pre-approved click here.
