Contact Us
 

   Accent Realty Group  |  119 Stonehouse Drive  |  Gallatin, TN 37066 
 
   
spacer Home Search for Your New Home Meet Our Group Client Testimonials Contact Us

Bookmark and Share    
  
         Instant Access to all Home,     
            Condo and Land Listings     

Search for Nashville Homes
Easy Home Search
Nashville Luxury Homes
Waterfront Homes
Estate/Acreage Homes
For Sale by Owner

Nashville Communities


Moving to Tennessee?
Want great information about
what it's like to actually live
in Tennessee?

Subscribe to our “Living in Tennessee” series to receive
weekly emails containing
valuable information that you
will need to know.
Name:
Email:
We value privacy - your information is safe with us! 
 
                  Need to Know                
Nashville Area Schools
Nashville Relocation
Why Use an Exclusive Buyer's Agent?
Homebuying Process
Property Tax Information
Financing
Nashville Local Market Trends
Compare Cost of Living
Service Guarantee
Buyer's Agency Agreement
Aerial Photos
 
              Area Information                
Discover Nashville
Recreation & Fun
Community Links
Homebuying Articles
All About Real Estate
Local Hospitals
Nashville Area Golf Courses
Nashville Lakes
Lodging
Major Employers
Visit Our Nashville Real Estate Blog
Wolf Creek Dam


Choose Your Free
Closing Gift Here!




Appalachian Rescue

Pam Rumley - 615-826-0305

Lisa Lewis - 615-478-7591

Feng Shui


Home Purchasing


As an excited newcomer to the Nashville area, what is your single-most important question about living in Nashville?

Here's My Question...
 

From Medical Economics magazine....
"Level the playing field when you buy a home! You may get a better deal with your own broker pulling for you. The introduction of buyer's brokers takes a horribly one-sided process and simply makes it fair."
-
Medical Economics Magazine

Photo Tour of Nashville

Buyer's Agents


Weather Forecasts  Weather Maps 
Weather Radar


Bookmark We invite you to
come back often!


 

 
 

Articles and Homebuyer Tips To Save Time & Money

Real Estate University  I  Search For Homes  I  Contact Us  I  Print This Article

 Things you will need for your mortgage loan application

One More Piece Of The Puzzle
Putting the real estate puzzle together
Gather your paperwork!

It’s time to apply for a mortgage loan…..which is really a very simple process. The mortgage company just wants to be sure that you can and will make your payments to them. They will want to see your credit report, verify your employment as well as determine what the house is worth.  Remember to check out our "bundle package" for your free credit report.

There are many different kinds of mortgage loans……with different requirements for loan approval.

For a “full doc” loan – which means that you are providing full documentation for the loan. This type of loan is usually used when you have W-2 income, which is easily verifiable. You should gather the following documents and have copies of them available for your loan originator:

  • Last 2 years tax returns or W-2’s

  • Last 3 months bank statements

  • Last 3 pay stubs

  • Recent 401-k or investment account statements

  • List of creditors, loan obligations, etc.

  • List of assets including real estate

  • If you have a home under contract, you may be asked to provide the paperwork

  • If you are self-employed, provide current year-to-date Profit & Loss statement

  • Any applicable divorce decrees

  • Any applicable bankruptcy documents including Discharge Notice

  • Any applicable rental property documents such as rental agreements and payment schedules.

  • Previous addresses if you haven’t lived at your present address for 2 years

  • Previous employer if you haven’t worked for the same employer for 2 years

Other loan programs include:

  • Stated Income with verified Assets – You will simply state your income, but provide proof of your assets.

  • Stated Income with Stated Assets – You will state both your income and assets

  • No Income No Assets – You will not provide documentation for either your income or your assets.

  • No Documentation – You will not be expected to provide any documentation.

Often these loan programs offer far more flexibility, but will come with higher interest rates. They are attractive to self-employed people, who sometimes don’t want to disclose their income and liabilities. But, you will have to have a good credit score to obtain this type of financing.  But a word of caution - Don't get caught in a "low-interest" teaser rate that will allow your rate to quickly increase.  Take into consideration (1) the reason for your purchase, (2) how long you plan to stay in the home and (3) how easily you can afford the payment increases.

You will normally be asked to pay for your credit report,  and appraisal when you are applying for a mortgage.  This can amount to approximately $350.00 - $450.00.


As always, please contact us with any questions you might have.  We look forward to hearing from you!  We're your Nashville Exclusive Buyer's Agents.
NashvilleRealEstateAuthority.com broker pam rumley
Accent Realty Group

Pam Rumley
Exclusive Buyers Agent
Broker, CRS, ABR, SRES, e-PRO

Office 615-206-8445
Direct 615-428-8500

Fax 615-206-8437

pam@pamrumley.com

The agent to call when you need someone to go that extra mile!

    

Luxury Home Marketing

CyberStars This website uses 100% ethical search engine optimization techniques.</a> </td>      Page copy protected against web site content infringement by Copyscape

Nashville Area Map

Realtor Logos

ABC Real Estate Directory   As Featured On Ezine Articles  Pam Rumley (Accent Realty Group): Real Estate Agent in Hendersonville, Sumner County, TennesseeMember Worldwide ERC

Real Estate agents
Worldwide real estate companies directory and property buyers and sellers guide.
 

Real Estate agents
Worldwide real estate companies directory and property buyers and sellers guide.
 

Please read our disclaimer and our privacy statement. By submitting your contact information and telephone number you are consenting for this website's authorized representatives to contact you even if your name is on the Federal "Do not call List"

Our company does not discriminate on the basis of race, color, religion, national origin, sex, handicap, or familial status.
Accent Realty Group © 1998-2009.  All Rights Reserved