Keith Carothers Homes                       Call 254.542.6090
     
  USEFUL TOOLS
Mortgage Calculator

Loan amount
  [$]
Annual interest rate
  [%]
Loan term
 
[Years] [Months]

Your repayment amount will be approximately
$
per month

These calculators and the resulting calculations do not constitute a loan application, loan offer or loan approval.

 
   
FINANCING

Before you start home shopping, you should get preapproved for a loan so you can focus solely on homes in the price range that you qualify for.

Mortgage Application Process

When you meet with the lender for your loan application interview, it's important to bring all the proper information to ensure that your mortgage application will be processed as quickly as possible.

After you apply, the lender will begin the work of verifying all the information you've provided.  The following list will give you an idea of the types of documents and information you should be prepared to provide.  This will ensure a smooth, well-organized mortgage application process.  There may be additional information required by your lender.

Show/Hide Document List»

Documents for Lender

  • New Home Purchase Agreement
  • Sales contract, if selling present home

Personal Data

  • Social Security number for each borrower
  • Date of birth of each borrower
  • Address of residence(s) for past 24 months
  • If self employed or commissioned, Federal tax return for last two years
  • Divorce decree (if applicable)
  • Bankruptcy papers (if applicable)

Income/Employment

  • Employment history of each borrower for a minimum of 24 months
  • Other permanent sources of income: Interest/dividends, pensions, disability, child support or rental income

Credit History

Your ability to obtain a mortgage to a great extent depends on the information contained in your Credit Report. So, it's a good idea to get your credit report, before you apply for a mortgage, and correct errors.

  • Deposit Accounts: checking, savings, credit union, IRA's, CD's, etc.
  • Name, address, zip code of each bank or credit union
  • Account number of each account & current balances
  • Outstanding Loan Accounts: furniture, auto, present mortgage, etc.
  • Name, address, zip code of each lender
  • Account number for each debt account, monthly payments and current unpaid balances
  • Credit Cards ... monthly payments & current unpaid balances
  • Previous Credit References: name, address, zip code of each bank or lending institution, account number, highest credit & date paid off

Miscellaneous

  • Cash value of life insurance & amount in force; monthly premiums paid
  • Household and personal property value
  • Auto(s) year, make and model; value
  • Other assets; boats, motorcycles, jewelry, savings bonds, etc.

MOVING

Moving is never easy, but good organization and planning can make a difference.  Here are some tips that will help.
 

Show/Hide Moving Tips»

One Month Before Closing

  • When selecting a mover, check out their rating on the Better Business Bureau's website (http://centroplex.bbb.org/) and schedule your move.
  • Collect important papers and a list of important phone numbers you made need before everything is moved and unpacked
  • Now's a great time to decide what to keep, what to give away, sell at a yard sale or throw away
  • Begin packing items you won't need for a while
  • Prepare a list of who you will need to notify of your new address
  • Contact new schools and arrange for the transfer of school records

Two Weeks Before Closing

  • Confirm your moving date and time with your moving company
  • Notify current utilities of disconnect/reconnect dates
  • Arrange for cancellation of newspaper deliveries and new subscriptions to your new address
  • Complete change of address at the Post Office (http://www.usps.com)
  • Notify businesses of your change of address (doctors, veterinarian, subscriptions, banks, insurance, etc.)
  • Arrange for someone to take care of your pets on moving day

One Week Before Closing

  • Pack items you will not need until after the move
  • Set aside items you will need on moving day so they aren't packed accidentally
  • Begin cleaning out the refrigerator

Moving Day

  • Gather items you will need to take with you and keep them handy
  • When the movers arrive, show them any items that will need special handling and supervise their placement of boxes and furniture
  • Make sure someone is at your new home to meet the movers

HOME MAINTENANCE

When you buy a car, you know and expect that you will need to maintain it to keep it operating properly.  You add gas, change the oil, replace worn tires, wash it, and repair mechanical problems that may arise. 

Well the same holds true when you own your own home ... it requires maintenance to keep it functioning properly.  On the outside, there may be grass to move, trees to trim, gutters to clean, windows to wash and the roof to inspect for wear.  Inside, you have flooring to clean, filters to replace, smoke detectors to check, etc.

A preventive home maintenance program will maintain your home's value and save you money in the long run.

You may find it helps to use a maintenance checklist.  The checklists shown below are courtesy of www.handythoughts.com, www.frugalliving.about.com/  and www.nchh.org.  You may want to use one of them, either as is or by adding or deleting items to tailor it to fit your situation.