Whether you’re starting your home purchasing journey or if you’re interested in pursuing a mortgage loan for
refinancing, completing a mortgage application may be heavily on your mind. 

Knowing what to expect and preparing ahead of time can help you nail down the process quicker and become more likely
to get the stamp of approval for financing. 

Get your credit in order 

Many mortgage lenders use your credit score to determine your eligibility for their loan as the score is a good
indication of your payment history, debt and overall relationship with borrowing money. 

By periodically checking your credit, you can keep an eye out for inaccuracies which can be removed once reported.
This also allows you to pinpoint troublesome areas of debt so you can hyper focus on paying it off, which positively
affects your debt-to- income ratio. 

Gather needed paperwork 

Lenders require for their borrowers to provide paperwork and information proving identity, location, proof of income,
assets and more. This is why it’s essential to keep these items on hand as you fill out mortgage loan
applications: 

• Recent pay stubs.
• W-2s.
• Tax return information. 
• A photo ID.
• Proof of rental history.
• Etc. 

Keep your options open 

As you search for a lender, keep your options open to find a mortgage loan best fitting your needs. As you apply for
mortgage loans, examine their interest rates, loan terms and benefits being offered. 

Many lenders offer a lower interest rate if you have excellent credit which can save thousands of dollars over the
lifespan of the loan. 

By preparing your credit and paperwork ahead of time, you can cut down on the anxiety often associated with applying
for a mortgage loan. Consider speaking with a local mortgage loan officer if you have additional questions about
what you’ll need to qualify.