Bear in mind that you will still need some cash (or money in your bank account) for Out-Of-Pocket Expenses.
I explain all of those in a later step. This is just to get you started.
Get Ready!
If you haven’t already, now is the time to hit OptOutPrescreen and the Do Not Call Lists to register your information.
No one ever complains about having less spam, right?
Once you get started, this will happen quickly, and there will be a lot of paperwork to handle.
In short, this will be a financial colonoscopy – it will probably be uncomfortable, but it’s necessary.
Be as forthcoming as possible.
We aren’t here to judge your life – just your financial picture.
That’s your credit, income, and expenses.
Gather!
Option 1
If you have a traditional W2 job, this is pretty straightforward.
About 90% of employers use a Payroll Software System that connects to the TRUV system.
This allows most lenders to immediately have access to all of the information they need to process your application, with no further action necessary on your side!
Option 2
If your employer does NOT connect to the TRUV system, here are the basic documents you should have ready for your Lender.
Pro-Tip: You can and should upload these to the Portal for easy access!
* The Lender will provide the Loan Application to you
(Opens in a new window)
Option 3
If your employment is less conventional, don’t worry! The Lender will know what to ask for.
Go!
It’s time to choose one of my fantastic Lenders.
I know they will have your loan ready before closing day, and take great care of you in during the process.
Whenever possible, I try to include a video on their respective pages too.
That way you can learn about them and their approach to lending on, with zero social pressure or time constraints.
FAIR WARNING: If you bring your own Lender, one of MY Lenders will be double-checking their work.
I have been burned too many times to trust such an important part of your transaction to someone I haven’t met or worked with. Even super big name companies have totally screwed up a deal.
And while technically they can get the job done, avoid Robot Lenders (like Rocket).
If there is a problem with your loan scenario, there is no one on the other side to fix it.
“I’m sorry Dave, I can’t do that…”