Therefore, REALTORS® help buyers determine their particular price range. It is a very important initial step.

Some people feel uneasy or even resentful when sales associates try to "pre-qualify" them before showing homes. They should recognize that such personal questions are a sign that the agent is being professional, not nosey.

You must be prepared to volunteer certain information that indicates you can qualify to purchase a home in the price range you have indicated. This information includes:

• The amount of money you have available for
• an initial investment (the down payment).
• Your annual salary - if married, the total for
• both husband and wife - plus other income, such as an
• annual annuity, dividends, or inheritance.
• Any substantial monthly payments, such as auto, credit card, or installment loans.
• Any credit rating you may know about - whether negative or positive - that could affect your loan application.

For a loan application, you may need the following documents:

• Paycheck stubs
• W-2 forms (last two years)
• Signed federal tax returns (last two years, or three if you are self employed)
• Bank statements (three months)
• Proof of investments
• List of creditors
• Verification of present mortgage or rent payments

Please remember, this information is confidential. Such information is needed because it can be discouraging to find a home you really want and then learn it is out of your price range.

If you have any question or would like further information on this matter, please send me a message and I will get in contact with you so we can discuss it personally.