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Financial Workshop

RE/SOURCE Inc. would be glad to assist you in a closer examination of your financial situation and how it will affect your ability to purchase real estate.

There are hundreds of pieces of information needed to process a loan for approval. This questionaire is designed to obtain information needed for being "Pre-Qualified." Being pre-qualified means that the provided information appears to meet the criteria to acquire a loan for "X" dollars. This will be a meaningful guide as to what your financial options may be.

The next recommended step would be to obtain a formal pre-approval from a mortgage lender. Such Pre-Approval can go far as a written commitment to specific loan terms, only contingent on an acceptable Agreement of Sale and Property Appraisal. With a Pre-Approval in-hand, you will be in an excellent negotiating position when you finally make an offer on a home. The potential seller will be more apt to accept an offer from someone who is Pre-Approved for a mortgage.

After completing the form simply click the "submit" button and we will begin an analysis of your financial situation.


Financial Information Form


General Information:


First Name M.I. Last Name

Street Address

City State Zip Code

E-mail Address

Home Phone

Work Phone

Fax Number


Desired location of real estate to be purchased

Approximate sales price for your purchase property, if known.


Employment Information:

Borrower's Employer Name & Address:

How long employed here?

Co-Borrower's Employer Name & Address:

How long employed here?

Borrower's Gross Yearly Salary:
Co-Borrower's Gross Yearly Salary:

Other Income for Borrower? (Gross Yearly):
Other Income for Co-Borrower? (Gross Yearly):


Asset Information:

For this section, please only give approximate figures.

Savings:
Checking:
Money Markets:
Future Savings:
Mutual Funds:
Stocks & Bonds:
401K/Retirement Plans:

Any other assets you feel are applicable:

Are any of the above stated funds not to be used for purchase of new real estate?

Do you have any potential gift monies from any source?
YES
NO
If YES, what would the amount be?


Debt Information:

The following debt information is a critical aspect of this financial analysis. We will give you several general categories of possible revolving debt to fill in. These may not be all-inclusive, so please use the 'other' section to include your unique situation. Revolving debt is defined as any constant, monthly payments you make, whether amortized or not. (ie: car payments, home equity loan, school loans, credit cards...)

Please give both the current total balance of the debt as well as the current monthly payment.

Type of Account Current Balance Monthly Payment
Combined Credit Cards:
Car Loans:
School Loans:
Personal Loans:

Please continue with any other revolving debts you may have that do not fit in the categories listed above:

Do you currently own or rent?
OWN
RENT
If OWN, will you be selling this property prior to buying the new property?
YES
NO


If you are selling/or will sell this property prior to your new purchase, what will the proceeds equal?


If you are not selling this property, what will your total monthly cost be to maintain it (ie: loan payments, taxes & insurance)?

If you own a second or third home please give the same type of info below:


Disclosure Information:

Will you occupy the new premises?
YES
NO

Have you in the last 7 years declared bankruptcy, suffered foreclosure, had an account assigned for collection or had any legal action affecting your ability to finance?
YES
NO
If, YES, explain below:

Is any part of the purchase price or settlement cost being obtained from a source other than shown?
YES
NO

If you answered "YES" and the money in question is other than monies mentioned in the gift section above, please describe below:

I also filled in the search/referral form!
I did not fill in the search/referral form!


Thank you for taking the time to review and complete this form. We at RE/SOURCE Inc. believe it will be an excellent start in acquiring your new home. Simply click on the "submit request" button below to continue.

Thank you.