Helpful Tips on Qualifying For a Mortgage to Purchase a New Home in Baldwin and Mobile Counties.

Written by Sherry Peoples

"For many people buying a home can be an intimidating process………..but it doesn’t have to be. Many buyers here in Baldwin and Mobile Counties have learned to trust Home Mortgages Company…….HMC as they are known to the home buying community here on the Eastern Shore and Mobile County."

"When beginning the home buying process, one of the 1st questions that will need to be addressed is "How Much Home Can I Afford?". One of the best ways to answer this question is to meet with a reputable mortgage lender, such as HMC, serving a full range of buyers in Daphne, Fairhope, Malbis, Mobile, Montrose, Point Clear and Spanish Fort in the South Alabama Gulf Coast region."

"When you meet with your lender for the first time it is very helpful to bring with you the following items:

• The most recent pay stubs for all of the borrowers who will be on the loan.
• W-2"s and Federal Tax returns for the most recent 2 years for all borrowers.
• Current statements for all checking and savings accounts.
• Current statements for 401K, IRA and/or stock accounts."

"You should also be prepared to discuss your current credit and income situation and be able to explain any derogatory credit history."

"If there is a previous divorce, you may need a complete copy of that document to prove child support/alimony if that applies."

"Please feel free to contact Sherry, Loan Officer at HMC to discuss your personal situation. She will be happy to help."

Sherry’s contact information:

Fairhope: 251-990-5897 or Toll Free 866-204-0639

Daphne:  251-621-2588 or Toll Free 800-625-8330

E-Mail: Mailto:speoples@homemtgeco.com

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