Financial Center

When you apply for a mortgage, you will need to furnish information regarding your income, expenses and obligations. It will save time if you have the following items available:

- two most recent pay stubs
- W-2s for the last two years
- Federal tax returns for the last two years
- Last two months’ bank statements
- Long-term debt information (credit cards, child support, auto loans, installment, etc.)

Repairing Past Credit Problems

There are many reasons why credit problems could occur. Some explanations are:
- you were a co-signer on a loan that wasn’t paid on time
- you allowed someone else to use your credit cards
- you may have thought your spouse paid the bill
- you thought your insurance company was going to handle the payment
- you are divorced but your former spouse had credit problems
- someone “stole” you social security

Some lenders will work with you to find a credit solution. However, it is in your best interest to keep you credit report in good standing.

Here are some helpful hints for you to maintain a good credit report:

- never go over 90 days past due on any accounts
- keep your credit card debt below 50% of your monthly obligations
- if paying bills after the due date, always pay within the grace period 

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