Once you’ve reviewed several suitable loan options, and have made a decision, it’s time to complete your loan application.

We will pull a copy of your credit report, an action that triggers an uptick on your credit score (that’s because lenders and creditors deem a loan application to add to credit risk.) Applying to multiple lenders could result in repeated negative hits on your credit score, so that approach should be avoided.

Then, begin the process of collecting the financial data lenders typically want. The more information that lenders want you to provide, the more streamlined your loan application process will go. Typically, we will want to see the following personal financial information on a loan application.

Proof of employment
List of other loans and debt obligations, including mortgage and credit card debt
Social Security number
In some cases, you may be required to provide proof of income, such as pay stubs or past tax returns.
Copy of your driver’s license