Preparing for a lender conversation

1. 01Write down your housing goal and your preferred timing, even if it is flexible.
2. 02Review your usual income and spending so you can discuss a comfortable budget.
3. 03List recurring debts and other ongoing obligations.
4. 04Note the savings you may use and the amount you want to keep available.
5. 05Review your credit reports and write down questions.
6. 06Ask the lender which documents are necessary for this particular stage.
7. 07Ask how to submit documents securely; verify the recipient before sending them.
8. 08Note income changes, self-employment, or other circumstances you want explained.
9. 09Ask about the effect of planned purchases or new borrowing before making changes for a mortgage application.
10. 10Bring the lender-questions checklist and take notes.

Use the questions to ask a lender checklist and take notes. Ask what is needed next rather than assuming you must already know.