Goodbye Landlord, Hello Home!
When you feel those new house keys in your hand and hear that little soft jingle in your pocket after buying your home, you will feel energized with a renewed passion for life. There are few joys in life that come as close, and there are some very good reasons why you should feel so good.
Buying a home gives you access to wealth by building equity when you make your mortgage payments, while having something tangible that you own to show for it. As you make your monthly payment and begin living your new life, you slowly begin to accumulate something called Home Equity – simply by making your payment.
At Stone Bank, our home loan officers are ready to help walk you through from pre-approval to closing on the home. With our state-of-the-art of filing system, we can help you and your realtor keep track of everything you need right from your computer screen.
Start a Loan Application.
Figuring out how much you can afford can be really simple. However, if you do not have the right instructions to follow, then figuring out how much you can afford can be as complicated as debating who has the best tasting slice of pie in town. Let our Mortgage Lenders help you.
HOME LOANS DONE RIGHT
BY STONE BANK
Doing the Math Before Applying for a Home Loan
The first step in knowing how much you can afford is to know your current cash flow for your household. This includes tracking everything from regular payments for student loans and car payments to more infrequent expenses such as restaurants, entertainment, and activities. (You may be surprised by how much you are currently spending each month on nonessentials.) That is why you are doing this now and not later.
Feeling confused trying to figure out what you can afford? Not a problem! When you partner with a Stone Bank Home Loan officer, you’ve got a trusted advisor who can help you assess what you can comfortably afford and what you should consider when applying for a loan. Give us a call at (833) 253-2265 or click the “Get Started” to start chatting with a Stone Bank team member.
Applying for Your Home Loan
When you are speaking with your Stone Bank Home Loan officer, being prepared will make the process even easier. Here are a few documents you may want to collect before your first meeting:
- W2’s from the last two tax years
- Last two years of complete tax returns
- Two most recent pay stubs
- Previous two months of bank statements
- Proof of down payment, if needed
- Basic forms that verify your identity