Preparing for your Mortgage Application
This month it’s time to prepare you for the final step in your path with Trio - transitioning from a lease to a mortgage.
Fortunately, with Trio, you will have the option to qualify to assume Trio’s OwnOption Mortgage and utilize the equity you have been building in your home; or, you can use a new mortgage to purchase. We are here to help you with your options and help you make the best decision for you.
So you are prepared when you are ready to begin the qualification process, here's some of what you’ll need to apply:
-2 months pay stubs, 2 months bank and investment statements, W-2 for most recent year.
-Bank and/or investment statements that document the source of your down payment
-Verification of employment, employer contact information
-24 months housing payment history (will be provided by Trio)
We are here to help you make the right decision for you when you are ready. Your lease has a total of 36 months built-in so you have the time to be prepared with the best options. Trio includes an OwnOption Mortgage with every lease that you can qualify to assume when you purchase. If interest rates have gone up, we have you covered.
For additional information on Trio’s OwnOption Mortgage, review our website.
For additional tips on mortgages in general.