1. GET READY FOR YOUR NEW HOME PURCHASE

You can make the loan application process smoother, faster and easier! Since it is designed to gather personal and financial information about you and anyone else included in the loan, the more complete the information and documents you provide, the smoother things will go.

You will need to provide the following documents for each person applying for this loan:

• PAYCHECK STUBS - Your most recent stubs showing a full 30 day period
• ACCOUNT STATEMENTS - The last two months' statements (be sure to copy all pages) for accounts such as checking, Investment, savings, retirement
• IF YOU ARE SELF-EMPLOYED - Provide the most recent two years' tax returns, including 1040's, W-2's, 1099's and/or K-1's

2. WHAT HAPPENS NEXT

Using the information you provided, EMC Mortgage Solutions will find you the loan program that suits you best. We will also:

• Obtain a credit report for you and each person applying for the loan. This will provide a history of your financial transactions with such information as credit limits, monthly payments, and current balances.
• Verify your income, asset, and liability information.
• Obtain an appraisal from a licensed Real Estate Appraiser.
• Have an underwriter review the information on your loan application and the information collected on your behalf.

3. LOCK IN AN INTEREST RATE

For a period up to ten days before the closing, you will have the opportunity to "lock" the interest rate. It is up to you to contact your loan officer to get interest rate information (rates change daily!) The final decision to lock the interest rate is yours.

4. THE FINAL STEP-YOUR CLOSING

When your application is approved, your closing agent will establish a firm closing date and time.