Marcus Harris

Ever wonder what you need when you meet with a Loan Officer. Always remember the rule of 222. 2 - pay stubs 2 - years taxes 2 - months bank statements This is all you need to get started. Not too overwhelming at all, right?

This is a great list of things that are needed to get you pre-approved. https://www.investopedia.com//5-things-you-need-to-be-pre-

What is a gift letter, and why is it so important to have one? When you are ready to purchase a home, you may also have family members who are ready to help you with that process financially. This is great, but it also requires a couple of things. Any amount of money that is given to you towards your purchase needs to have a gift letter from the gifter. This is to show that you are under no obligation to pay this money back. It is not a loan. It is a gift. This letter also helps the donor avoid paying a hefty federal gift tax. Without the letter the IRS could tax a donor for up to 40% of the gift amount. Make sure to ask your loan officer about the rules and guidelines with gifted money before you deposit any of those funds to your account!

A NEW YEAR with NEW POSSIBILITES!!!

Wishing you a safe celebration!