GETTING READY

The first and most important thing to do when preparing for home financing is to get pre-approved. This enables you to shop with confidence; you know how much you can afford, it tells a real estate agent you're qualified and lets any potential seller know you're serious. At radius financial group inc., you could be fully pre-approved in a matter of minutes. This will allow you to make an offer on the home of your dreams immediately.

There are several different programs available depending on the type of financing you require, and everyone's personal profile is unique. So, to help you prepare, we've provided a checklist of documentation you should have available before you start the pre-approval process. Whether you're purchasing a home or refinancing, the following will apply:

If you receive a W-2:

• Two most recent pay stubs - This allows us to verify your income and see any deductions that come out of your pay directly.
• Two months most recent bank statements - Be prepared to discuss any unusually large deposits. Here we're verifying that you have enough liquid assets to close that transaction. These may include checking, savings, 401K, stocks/bonds, mutual funds, etc.
• Two years most recent W-2s - We will verify a two year history of employment.

If you are self-employed, receive a 1099 or work on commission:

• Two most recent pay stubs - If applicable.
• Two months most recent bank statements - Business and personal.
• Two years most recent 1040s and all applicable schedules and W-2s - Depending on your business classification, there may be other required documentation such as business and personal returns, K-1s and/or partnerships returns.

In either case, you may need some, all or none of this documentation. That will depend upon the type of loan for which you apply and your personal profile. You may also have other circumstances such as previous bankruptcy or child support income or debt. Those things are part of the application process and will be documented accordingly.

radius financial group inc. offers a diverse product portfolio. In other words, we try to maintain a complete line of mortgage loan programs that are tailored to your needs. We also recognize that not everyone will qualify for home financing today. That's why we've developed what we call a Path to Homeownership. Wherever you find yourself, let us help you continue down your path.