• Evidence of income:
  • One month of pay stub, formulary W2, and your income tax return form for the most recent two years.
• If you have your own business or have other income to consider other than salary, have with you the two income tax returns with all the annexes of the most recent two years.
• A list of all your corresponding minimum monthly debts and payments.
• Money reserve
• You must have the existing balance of money of all your bank accounts, so we can identify with how much money you can for the low down payment and closing expenses for the mortgage transaction of the purchase of the property — also knowing if you would keep some balance after it.
• If you have a matrimonial regime, you must have the same as your spouse.
• If you are divorced, you would need the divorce stipulation and the judgment thereof.
• Credit
• What's your credit score, if we have no idea, we can get you a report.
• Use you will give to this property:
  • Main residence, second residence, or investment.

• How much money is required for soon and closing expenses.
• What mortgage interest is available.

• Contact, the real estate agent.
• View the property and inspect it.
• Sign the contract of sale. (It is crucial to understand this contract) If you have any doubts, you can send it to us, and our legal division can review it at no cost to you. What do you have to look at?
  
  • Mostly the seller pays the fees of the deed, stamps of the original deed and any cancellation or outstanding debt. The law stipulates that the purchaser chooses the attorney for purchase and the one who sells it, unless otherwise pleased.
  • How long you have to close the transaction.
  • What if you don't close it. (penalties, if any)
  • You have to make sure that this property is suitable to be marketed and sold from a legal and contributory point of view.
  • If you have an association of owners, you have to check if you have any debt and the selling party will cover it until the closing date.
  • In the case of an inheritance property, it is essential that all legal documents are in order and that the heirs agree with the signing of the contract of sale.

These are some variables that can hinder the purchase of your property and that the bank is not aware of.

• You have to give money to separate the property.
• It is crucial that this money is given by personal check or bank-certified check and that the funds come from your bank account.
• This money will be held by the real estate agent in a PLICA account and is discounted to the amount of money you will need to give for the low down payment amount and closing expenses. With this option, you guarantee that the chosen property will not be offered to another buyer while the contract is in force.
• You must be sure that this property meets the requirements of the type of loan for which you are prequalified.

• Contract signed by the involved parties. (vendors and buyers)
• Copy of the option check given to the real estate agent.
• Business card with real estate agent data including license number.

• Copy of the deposit of your purchase option into your PLICA account.
• Copy of your current license.
• Merchant registration.
• Property tax number.
• Copy of the property Deed.
• Seller data; in this way, make sure that the seller can sell.

• Credit report
• Title Search
• Appraisal
• Survey
• Flood certificate

**You can pay by check, ATH mobile or credit card.**