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

Based on individual situations, items such as Social Security information, divorce financing, and G.I. certification.

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.