There will be some prep work that you need to do before buying a property. You will need to get a pre-approval letter from your lender.
Make sure to have all of your financial documents together. These records should include:
- Recent Pay Stubs
- Any Open Loans
- Bank Account Statements
- Credit Cards
- 2 Years of Tax Returns
- 401K Statements
- Stock and Bonds
- Mutual Accounts
- Leases for Investment Properties
After you start looking to buy a house, you need to make sure to you do not make any career or lifestyle changes. Don’t apply for any new credit cards. You also need to make sure your credit score allows you to purchase the property you are looking to buy.