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How to purchase a house, from mortgage pre-approval to closing

How to purchase a house, from mortgage pre-approval to closing
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.To buy a house, you should first team up with a trustworthy real estate agent and…

It requires a number of documents from each candidate (so if you’re married, both you and your partner will require to supply these products):

– Identification

– Pay stubs for one-month period

– Bank declarations, both checking and cost savings, for two-month duration

– Earnings tax returns for two-year duration

– W-2s for two-year duration

During pre-approval, the lending institution will also do a hard query of your credit, which will reveal up on your credit report.

You can pick either a fixed-rate home mortgage or an adjustable-rate home loan(ARM).

Policygenius can help you find the finest homeowner’s insurance coverage for your residential or commercial property “


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