Before you shop
Review your credit reports, list existing debts, and prepare a household budget. Set aside a reserve for closing costs and unexpected expenses rather than putting every dollar into your down payment.
Organize your documents
Gather identification, pay statements, an employment letter, and recent statements showing your down payment and its source. Self-employed income usually requires additional tax and business records.
Before you make an offer
Discuss your pre-approval conditions with Lorika. A lender still needs to approve the property and verify your information. A financing condition can help protect you while that work is completed.
General education only. Lender criteria and applicable rules can change. Discuss your circumstances with Lorika and obtain legal or tax advice where needed.
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