Mortgage checklist for you today

🏡 Mortgage Checklist

You have decided  to buy a house? What do I need to prepare? Below is a helpful list.

1. Financial Preparation

• ☐ Check your credit score and report
• ☐ Pay down existing debts
• ☐ Save for a down payment (typically 3%–20%)
• ☐ Budget for closing costs (2%–5% of home price)
• ☐ Gather proof of income (pay stubs, tax returns)
• ☐ Organize bank statements (last 2–3 months)
• ☐ Avoid major purchases or job changes

2. Pre-Approval Process

• ☐ Research lenders and mortgage types
• ☐ Get pre-approved for a mortgage
• ☐ Compare interest rates and loan terms
• ☐ Understand your borrowing limit

3. Home Search

• ☐ Hire a real estate agent (Very helpful)
• ☐ Define your home criteria (location, size, price)
• ☐ Attend open houses and schedule viewings
• ☐ Make an offer and negotiate terms

4. Mortgage Application

• ☐ Submit full mortgage application
• ☐ Provide additional documentation if requested
• ☐ Lock in your interest rate (optional)

5. Home Appraisal & Inspection

• ☐ Schedule a home inspection
• ☐ Review inspection report and negotiate repairs
• ☐ Lender orders a home appraisal

6. Final Steps Before Closing

• ☐ Review loan estimate and closing disclosure
• ☐ Secure homeowner’s insurance
• ☐ Set up utilities and services
• ☐ Do a final walk-through of the property

7. Closing Day

• ☐ Bring valid ID and certified funds
• ☐ Sign all closing documents
• ☐ Receive keys and ownership documents