Knoxville, TN (PRWEB) March 08, 2013
The Holloway Group, the leading Knoxville real estate team at Gables & Gates, REALTORS has recently posted a new article on their website titled, "Top 10 Things You Must Have To Apply For A Mortgage".
Troy Stavros, Broker and Partner with the Holloway Group stated, "While there have been rumblings that the guidelines for qualifying for a mortgage in Knoxville may get a little more lenient this year, buyers still need to start the process with the basics."
The following are the Top 10 documents an individual must have ready in order to apply for a mortgage:
1. Driver's License
2. Secondary ID (could be a passport or social security card)
3. Most recent paystubs for a 1 month period (for salaried or hourly employees)
4. W2 forms for the past 2 years
5. Signed federal tax returns (all pages/schedules) for the last 2 years
6. Most recent bank and asset statements for the last 2 months
7. Fully executed contract on the Knoxville real estate being purchased
8. If refinancing, a copy of the deed on the subject property
9. Name, address, phone number of landlord (if you are currently renting)
10. Name, address, phone number of the title company or attorney handling the closing.
Stavros concluded, "If you are thinking of buying a home in Knoxville, get your documents in order so you can obtain a pre-approval prior to shopping. This will allow you and a potential seller to know that you have the ability to buy the homes you are viewing."
ABOUT THE HOLLOWAY GROUP AT GABLES & GATES, REALTORS
The Holloway Group is committed to bringing the best possible experience to fruition for buyers and sellers of Knoxville real estate. At the Holloway Group we don't believe average is good enough for our clients. At the forefront of the Holloway Group is experience. Our team was created to serve our clients even better with specialization and expertise. We know that individually we cannot be everything to everyone so we have come together as a group, bringing all of our different strengths, so you always work with the best. We pride ourselves on being ahead of the curve on technology and how it can serve our clients. When you are a client of the Holloway Group, you can expect to have our entire team of professionals working to fulfill your individual real estate goal. As a member of Leading Real Estate Companies of the World the Holloway Group and Gables & Gates, REALTORS can assist you with finding the most qualified real estate professional to suit your needs, anywhere in the world! Visit our website to search ALL Knoxville homes for sale. Contact us today for assistance.