6 Secrets to Organize Your Paperwork to Apply for a Mortgage

Getting ready to apply for a mortgage? Whether it is your first one or you’ve already had several, most couples find the paperwork to be something that takes quite a bit of effort. It’s certainly understandable that a lender would want to see detailed records before they give you a mortgage. But if you are like most people that have a job, family obligations and are also busy in your community, then preparing this information to apply for your mortgage can sometimes seem like quite a frustrating task.

We have some secrets to preparing your documents that are quite helpful. One of the best things about following our recommendations is that once you put them in place, you will only have to update them with your most recent documents because you’ll have everything else already organized and prepared. While no one likes to think about the next time they’ll be applying for a mortgage when they’re in the middle of applying for one, it is important to keep in mind that experts say most families live in about 5 to 7 different homes on the average.

Start by buying a large, fireproof box to store everything. No one likes to think about fires or other natural disasters, but sadly they do happen. If you store everything in a fireproof box, then these documents will be secure and protected from most things that could happen. They can save you not only hours but perhaps weeks and months of re-obtaining documents to get a new mortgage. Most fireproof boxes are quite budget friendly, you’ll typically spend about $30 for a good sized one that will hold letter sized documents.

Get a safety deposit box at the bank if needed. This is another thing to consider and can really depend on your situation. Some may decide that a fireproof box is enough. Others may want to secure a copy of all of their documents in a safety deposit box at the bank. To get a safety deposit box at the bank, you often need to have a checking account at that bank and you pay a small fee of about $25 for a year’s rental. At some banks you can only access the box during bank hours.

Buy a great combination printer that can copy documents, scan, fax and also print them. Here is another budget friendly purchase that is a tremendous time save for you! Don’t waste your time and efforts going to the copy place over and over again. Spend about $100 and get a combination printer so you can easily manage your documents. Scan all documents to a thumb drive and keep it in a cool, dry place such as a filing cabinet. From this machine you can also make several copies of each document, it is advised you make copies for each lender that you apply to get a mortgage from. You will also want to have paper copies of your documents in your fireproof box, your security box and also on hand perhaps in your at home filing cabinet so they are easy to reach.

Work with your spouse or partner to create an organizational system you both like. Here we’ve suggested several inexpensive and secure ways to keep these documents. Remember that your mortgage application documents are going to include 5 years of your taxes, a year of pay stubs, proof of employment, a year of statements that you have paid rent. Each of these documents includes highly personal information about you and your spouse that you will want to protect. Work with your spouse or partner to decide on which ways you would like to store the documents. We recommend you choose at least 2 different ways, so you always have a backup. It is also ideal if you select either the fireproof box or the security box at the bank, as either should protect in the case of natural disasters and most emergency situations. If you choose systems together, you are more likely to stick to them and use them regularly. That matters more than which actual systems you select.

Always create several copies of each document. This is one tip is absolutely critical. You do not want to have only one copy of these documents and then hand them to a lender for consideration on a mortgage. What happens if that person quits or goes on vacation? What happens if they lose your documents? What happens if their assistant feeds the documents into a fax or copier, and some of them wind up getting stuck so they become destroyed in the process? Give yourself the peace of mind of always having clean, crisp extra copies. You will worry far less. It also means you will be able to apply with other lenders quicker, especially if your lender has delays and you see a great opportunity with a very competitive rate out there.

The simplest way to organize paperwork is often in alphabetical order and also by date order, but not always! One of the documents your lender gives top priority to is that you’ve paid your rent regularly and on time. So this document or set of documents really should go first when you submit them. Other documents you may find easier to sort alphabetically so they are easiest to find. We also recommend that you create a cover letter, so the lender understands exactly which documents you are giving them when you submit your packet of information to them.

Surprises Come All Year! What Families Can Expect Payday Loans to Help With

Ever tried a payday loan? Well, you’re not alone! 12 million Americans just like you have used payday loans, to help them out with those unexpected bills that pop up every now and then. When you’re waiting for a paycheck but simply need the money right now, it can be a huge relief to know your payday loan is available for you exactly when you need it.

If you’ve never gotten a payday loan, here are a few facts for you:

The paperwork is quite simple. Most payday loan companies simply want to see your recent paystub or to confirm that you have a job.

You receive your money instantly, right on the spot most of the time. Occasionally you might have to wait up to an hour to receive your money, depending on the amount. But you’ll have your money quickly, guaranteed.

Your payday loan is due 2 weeks from now. Why? Because your payday loan lender expects you to have your next paycheck by then. So they are confident that you can pay them back.

As you can see, the whole process is quite transparent and very simple to use for everyone!

During the year, some unexpected bills seem to pop up more often than at other times for families. Here are a few that you just might see:

January – The pipes freeze. Because of the cold and snowy weather, your pipes freeze so you have to call the plumber. Not only is this urgent but it’s also quite critical. If your pipes break, when the pipes are unfrozen it can cause great flooding in your home. Sometimes when the pipes freeze they also can crack, meaning that they will have tiny leaks. So when they are checked, the plumber has to be sure the pipes don’t just need to be warmed but perhaps also need to be replaced for your home and family’s safety. No one likes when this happens and it’s certainly unexpected, exactly the type of thing you might need a payday loan for.

February – Your daughter gets invited to the Valentine’s Day dance at school and needs a nice dress to wear and shoes to match. She’s grown several inches and her fancy dress that she currently owns doesn’t fit anymore. The dance is 4 days away and you get paid in a week and a half. A payday loan means that your daughter can go to the dance and wear a dress that she loves. Isn’t Valentine’s Day wonderful?

March – Your oldest son needs braces. The dentist needs a deposit. He wants to put the braces on right away, to help improve the teeth. A payday loan can really help you in this situation. You get the payday loan to help the dentist put the braces on your son’s teeth so they will look better and come in straighter.

April – Everyone knows it is tax season. This year your taxes are more complicated and you can’t do them yourself as you’ve done every year. You need to bring them to a tax preparation service. It costs $300 and you don’t get paid for another week, but you simply can’t miss those federal and state deadlines. So you get a payday loan and file your taxes on time. For any taxpayer this can cause you a huge relief, to file your taxes by the deadline. A payday loan can make this all possible.

May – There are mice in your basement. So you call a pest control service and they can come tomorrow. You don’t get paid for another week and a half. You get a payday loan so you can pay them right away. Because as much as your cat is enjoying chasing the mice, you want those little critters gone as soon as possible. With a payday loan you won’t have to worry about the mice multiplying and moving into the bedrooms and other rooms of the house – while you wait for your next paycheck. You can get things taken care of quickly.

June – Your son graduates from high school and needs to pay a fee to get a cap and gown. There is an extra fee for a special tassel because he is an honor student. He’s worked so hard in school, so you want to be sure he gets this. But you don’t have the money in the bank. You get a payday loan so he can have his cap, gown and special tassel and take lots of pictures, watching him smile big at graduation. You are so proud of him as he walks the stage to get his diploma. Because of a payday loan you are able to give him the graduation gear that he wants and needs. It came through at exactly the right time, unlike your paycheck.

July – The entire family is gathering to celebrate July 4th and watch the fireworks. But on the way there, you get a flat tire! You get a payday loan to replace the tire and get it fixed. Because of the payday loan, you are able to get your family to meet everyone at the fireworks before everything starts. Everyone has a great picnic meal and then enjoys the spectacular fireworks show to celebrate America’s birthday.

August – Your son is headed off to college for the fall. You realize that he will need some money for textbooks. He does not get paid for his summer camp job until mid-September and by then he will have been expected to already have the books. So you get a payday loan to give him textbook money. Your son pays you back with his summer camp paycheck when he receives it in September.

September – The entire family comes down with lice, brought home from school by your youngest son in 1st grade. You buy the special shampoo and medicine which is costly. Everyone uses it and fortunately it works. But the time the lice arrive is not a week when you have your paycheck, so you quickly grab a payday loan so no one has to suffer needlessly. Soon you pay it back and the lice are gone for good too.

October – Your town has an annual Halloween parade and your youngest son and middle daughter want to march in the parade. You buy them costumes and plan to march as a family. The costumes are ruined when they are left too close to the fireplace. You get a payday loan, which helps you to replace the costumes quickly, just before the parade so that everyone can have a great time.

November – Your mother in law wants to come celebrate Thanksgiving with you but she can’t afford a bus ticket. You get a payday loan to pay for her bus ticket and then send it to her. She is so joyful to be surrounded by her grandchildren and family during the holidays, it is wonderful to create memories together.

December – Christmas is here and your daughter really wants her own cellphone. You’ve decided that she is old enough, so you buy her one. Then she drops it and it breaks to pieces. So you get a payday loan, to replace her cellphone. Because of a payday loan you are able to help her to have the independence and grown up feeling she really desires.

Be Grateful Thanksgiving is Coming! Here’s What a Payday Loan Can Do For You

Thanksgiving will soon be here. A time to gather with family and loved ones and to give thanks for all that we have. It’s also a time when many spend a lot on this celebration. It is estimated that in the USA, about $3 billion is spend on the Thanksgiving meal, with most families spending about $342.

Every individual and family wants the holidays to be special and fun. But if you’re between paychecks, it can feel quite stressful to create this holiday magic. Today everyone has this perfect image of everything being just like it is on TV or as they see it in the magazines for Thanksgiving and other holidays. Fortunately, with a payday loan you can provide for your family even if your paycheck is 2 weeks away and your bank account is a bit light.

One thing to be really grateful for this Thanksgiving is for payday loans. They are quite simple to qualify for – most companies simply want to confirm you have a job and then you can have the loan you are requesting. Best of all, you receive your money in lightning fast time – in less than an hour of the time you’ve applied. Most often you will receive the money at the very moment you apply for the payday loan. So there is no waiting and no laborious paperwork to fill out. You can simply focus on going out and getting ready to enjoy the holidays with your loved ones.

Thanksgiving is a time when we gather together. It’s a time when you laugh and create memories. Of the annual holidays, for many this a true favorite one because most family members make a true effort to get together on this day. So it’s a time when you’ll see as many loved ones as possible. Don’t let a small amount of money stand in the way of your holidays. A simply payday loan can have you enjoying your Thanksgiving before your know it. Here are some ways they can help you and your family:

To pay for travel to see family and friends. This is one of the most common reasons to get a payday loan at Thanksgiving holiday time. Perhaps you are a few states away and you really want to be with family. You can easily now take a train, bus or even a plane with your payday loan money in your hand. Just imagine the smile on your Mom or Grandma’s face when they see you walk through the door. That payday loan will make it possible for you to see everyone, even if you don’t have your paycheck yet.

You can pay to take everyone out to a good meal. Here’s a great reason to get a payday loan at Thanksgiving time. Get the money to treat everyone to scrumptious meal that really sticks to their ribs! Lots of USA restaurants have special Thanksgiving menus with the traditional foods such as turkey, stuffing, cranberry sauce and even pumpkin pie. So it is easier than ever to let everyone enjoy a meal they will always remember, without feeling that pinch to your pocketbook.

Get the groceries to make a delicious meal for Thanksgiving dinner. Are you a good cook? Then we bet Thanksgiving dinner is going to be held at your home! So getting a payday loan is critical, as you’ll want everyone to have a yummy Thanksgiving dinner with all of the treats they are familiar with. Perhaps there are family favorite dishes that you always have every year, and you don’t want anyone to miss out on them. That payday loan can make it all possible for you and your family.

It can take care of repairs to your home, so guests feel comfortable. This is something you never want to neglect, especially if family and loved ones are staying in your home overnight. Perhaps your toilet or tub needs work. Or the guest bedroom really needs a new mattress. One of the challenges in not doing this is that you will ruin Thanksgiving for everyone, as your guests will feel neglected and uncomfortable. Sometimes people may also not realize that something is at the risk of breaking and may actually make it worse, so it is permanently damaged and costs you a lot more money to fix.

You can pay for updated home decor, so guests feel welcome and cozy. Every host wants people to feel welcomed in their home. It’s easier than ever to decorate for the holidays – no matter what your budget. With soft plushy pillows, scented candles and more. But sometimes it takes extra cash that you just don’t have. That payday loan can make a huge difference. That’s also sometimes exactly what your guests notice most of all, how welcome you make them feel with the décor. So it matters a lot more than you might think at first.

Make it easier to pay for the extras, such as a video game console for your grandchildren. This is a favorite reason to get a payday loan, whether you a grandparent, uncle, aunt or any relative or loved one. Everyone wants to make their loved ones smile. If you have loved ones visiting for Thanksgiving, sometimes it is those special things you do for them that really matter. Getting new video games for your teenage grandson could be what he realizes he is most thankful for at the table. Or simply getting all of the children some fun art supplies to keep them happily occupied through the Thanksgiving weekend. There is so much you can do, and a payday loan can help you make the extras possible.