• 2001 AND 2000 W2s
• Most Recent Month's Pay Stubs (All Borrowers)
• Two (2) Years 1040's (All Schedules)
• Two (2) Years Corporate Returns - Self Employed only
• Year-to-Date Profit & Loss - Self Employed only

• Previous Three (3) Months Statements for Savings/Investment Accounts/401K Statements and IRA's
• Copy of 12 Months Cancelled Rent Checks (Front and Back)
• For Refinances: Copy of Deed and Most Recent Tax Bill
• For Purchases: Copy of Purchase and Sale Agreement and Down Payment Check
• For Investment Property: Copy of Current Lease or Tenant at Will Agreement

When buying a house, you may get pre-qualified or pre-approved. You can typically get pre-qualified over the phone or on the Internet in a few minutes. A pre-qualification is not as beneficial as a pre-approval which is almost equivalent to cash on hand. It is highly recommended that you get pre-approved before you start looking for a home. This will help you:

1. Find out the maximum home you can buy, so you don't waste time looking for properties you can not afford.
2. Puts you in a stronger position when you are negotiating with the seller, because the seller knows that your loan is already approved.
3. Helps you close quickly, since your loan is already approved.

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1. Think about how long you plan to keep the loan. If you plan to sell the house in a few years you may want to consider an adjustable or balloon loan. On the other hand, if you plan to keep the home for a longer period of time, you may want to look at fixed loans.
2. Understand the relationship between rates and points. Points are considered to be prepaid interest and are tax deductible. Each point is equal to one percent of the loan (e.g. 1 point on a $150,000 loan is $1,500.00) The more points you pay, the lower the rate you will get.
3. Compare different programs.With so many programs to choose from, each of which has different rates, points and fees, it's hard to figure out which program is best for you. This is where New Boston Mortgage Corporation can help you make a decision that's best for you.

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1. Credit history
2. Employment history (if applicable)
3. Assets including your bank accounts, stocks, mutual fund and retirement accounts
4. Property value

Based on your specific situation, additional documents or verifications may be required.
To Expedite and efficiently streamlime your loan process:

• Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
• Before making a major purchase, talk to us to see if this will impact your loan.
• If you are receiving money from friends, family or other relatives, please contact us.
• If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf.

• Usually, bringing a cashiers check for your down payment and closing costs if required. Personal checks are normally not accepted.
• Sign the loan documents.

On owner occupied refinances and home equity loan transactions federal law requires that you have 3 days to review the documents before your loan transaction is completed and finalized.

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