Before Applying for a Loan

Check your credit report for errors.
Georgia State Law regulates that Georgia Residents are entitled to two free credit reports a year. Get your free report by calling the companies below:
Equifax: 800-685-1111
Experian: 888-397-3742
TransUnion: 800-888-4213
Make sure all bills are paid on time.
Reduce your debts as much as possible.
Do not make any major purchases.
Planning for Your Loan Application

Shop around for the best mortgage rates.
Compile all paper work the lender will need, including:
Proof of income: name, address, and dates of employment for all employers.
W-2 forms and income taxes from previous 2 years.
Statements from all bank accounts for previous 3 months.
Life insurance net cash value.
Make, model, market value and remaining balance on all vehicles owned.
Name, address and account numbers of all monthly payment obligations, including student loans, credit cards and car payments.
Information on any property sold in previous 2 years. This should include the property address, lender and settlement statements.
Home addresses for previous 7 years, including name and address of landlord, property manager or mortgage company.