Karen Scopetski - Coldwell Banker Residential Brokerage-Vice President, MA real estate single family


Few people can save up the cash required to buy a house. If you're contemplating buying your first house, your first stop will probably be your local bank to inquire about a mortgage. When you talk to the mortgage officer, they will ask you to provide several documents. 

Various documents will be required at different stages of the application process, from pre-qualification to the final closing of the real estate deal.

What you need for mortgage pre-qualification

Getting pre-qualified for a home loan allows you to gauge how much you are eligible to borrow based on your income. It will help you be more realistic when shopping for a home and frees your real estate agent to scan through listings with confidence. Homeowners or listing agents will give your offer priority if backed by a pre-qualification letter. It is comparable to the bank vouching for you, saying you have the power to make the purchase. In order to become pre-qualified, your bank will ask for:

- Your full names and the names any co-buyer

- Your current address

- Your net worth

- Sources of income

- The estimated annual income of your household

- The estimated yearly household debt expenses

What you need for mortgage pre-approval

Pre-qualification is optional, though it comes with several advantages and literally costs you nothing to do. Once you're through with that step, you can move on to the actual mortgage application. The first step of that is to apply for pre-approval by filling the full mortgage application form. Below are some of the critical bits of information you will need to supply for this:

- All of your checking and savings bank account statements for the past few months

- Asset statements for items you will use as security for the loan

- Your current residential address

- Address history over the past two years

- Addresses and names of your landlords over the past two years

- Paycheck stubs over the past few months

- W-2 or I-9 forms for each of the past two years from your employer

- Two years of tax returns if you're self-employed

After submitting this information, there will be a waiting period at the end of which your application will be approved or rejected. If their response is positive, you can begin the process of closing the deal.

Contact your local bank and find out what you need to do to get a loan.



41 Bartlett St, Northborough, MA 01532

Single-Family

$325,000
Price

7
Rooms
3
Beds
2
Baths
Well maintained expanded full dormer cape set off road on pretty private large 1 plus acre lot! Paneled family room addition with loads of windows is open to eat in kitchen. Formal living room with fireplace, pretty mantle and hardwood flooring. Bright eat in kitchen. Formal dining room with crown molding & hardwoods. 1st floor master with hardwoods and two closets. Full dormer on second floor includes full bath with shower, two large bedrooms one w/hardwoods and plenty of closet space. All major systems updated including roof, electrical, furnace and brand new septic to be installed! 1 car detached garage. Plenty of parking. Sit & enjoy your very private back yard with patio. Just a short walk to Algonquin Regional High & Peasle elementary school! Town water. All this with exceptional schools, easy access to commuter rail, major highways, Solomon Pond Mall, Northborough Crossing, Apex Center, and so much more!
Open House
No scheduled Open Houses

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151 Green St, Boylston, MA 01505

Single-Family

$399,900
Price

8
Rooms
3
Beds
1/2
Full/Half Baths
Well maintained expanded cape nestled on a 2 acre country lot offering privacy-galore! A huge addition which includes a two car garage, mudroom and post & beam great room addition! Beautiful grand great room with post & beam, Multiple unique windows, half bath, hardwoods, built-ins and balcony. Updated cherry kitchen with center island, recessed lighting, granite counters and separate dining area. Formal living with fireplace leads to formal dining room or use as a den. Mudroom with 1st floor laundry. Upstairs has 3 generous size bedrooms two with skylights and full bath. Second floor has entrance to great room. Two separate stairways. New roof architectural roof 2017. Slider to Huge deck to sit and relax & enjoy the private wooded setting. A quiet retreat, yet close to major routes. Seller motivated !
Open House
Sunday
September 15 at 12:00 PM to 1:30 PM
Cannot make the Open Houses?
Location: 151 Green St, Boylston, MA 01505    Get Directions

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54 Longfellow Rd, Northborough, MA 01532

Single-Family

$449,900
Price

9
Rooms
3
Beds
2/1
Full/Half Baths
Location, Location, Longfellow Rd a highly desirable Northborough neighborhood! Beautifully maintained expanded split located on the corner of Longfellow and Hawthorne rd a private cul-de-sac. Skylit 14 x 16 cathedral ceiling addition adding a family room with slider to deck & pretty arched picture window to bring in the light. Large living room with new Pella picture window. Cabinet packed eat in kitchen w/gas stove & new microwave is open to dining area. Bright renovated baths w/new vanities & counters. 3 generous size bedrooms, one with full bath. Lower level office or game room, den with fireplace, half bath & storage. Could add fourth bedroom in LL. Seller meticulously maintains the gorgeous private grounds with many perennials. New roof 2015, new hot water heater 2018, recent front entrance decking. Central air, town sewer, water & natural gas. Easy walks to Ellsworth-MacAfee Recreation park. Close to, Wegmans shopping, commuter rail & all major highways.
Open House
No scheduled Open Houses

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151 Green St, Boylston, MA 01505

Single-Family

$399,900
Price

8
Rooms
3
Beds
1/2
Full/Half Baths
Well maintained expanded cape nestled on a 2 acre country lot offering privacy-galore! A huge addition which includes a two car garage, mudroom and post & beam great room addition! Beautiful grand great room with post & beam, Multiple unique windows, half bath, hardwoods, built-ins and balcony. Updated cherry kitchen with center island, recessed lighting, granite counters and separate dining area. Formal living with fireplace leads to formal dining room or use as a den. Mudroom with 1st floor laundry. Upstairs has 3 generous size bedrooms two with skylights and full bath. Second floor has entrance to great room. Two separate stairways. New roof architectural roof 2017. Slider to Huge deck to sit and relax & enjoy the private wooded setting. A quiet retreat, yet close to major routes. Seller motivated !
Open House
No scheduled Open Houses

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