PreQualify
MATCU can help you find out what's in your budget.
Wondering
which home or mortgage loan you qualify for? How much you can afford to
put down or pay in interest? MATCU can help you settle the uncertainty.
Use the quick
and easy Financial Calculators to determine
the payment arrangements that will work for you. Look up MATCU's current
low
Loan Rates on home loans and mortgages.
Consider
These Prequalification Factors:
- Gross
Monthly Income - How much do you make each month before taxes?
- Housing
Cost to Income Ratio
- What percentage
of your monthly income is spent on housing?
- Debt
to Income Ratio -
What percentage
of your monthly income is spent on debt?
- Available
Mortgage Downpayment - How much can you afford to pay now?
- Monthly
Payment Affordability
- How much
can you afford to pay each month?
Start
Gathering Documentation to Submit with Your Application:
- Names, addresses,
account numbers, balances and monthly installments of creditors
- List of assets
with assigned values
- Current bank
statements reflecting history of savings and checking for the three months
prior to applying
- Last two paycheck
stubs
- W-2's for
the last two years
- If renting,
name, address and phone number of your current landlord and signed lease
agreement
- If self-employed,
signed and dated tax returns for the last two years (including all schedules)
and current profit and loss statement
Apply Online Now
Click here if you would like
to print out an application to bring in to the nearest
branch location.
If you are
unsure which mortgage product fits your needs, talk with one of the experienced
employees in MATCU's Mortgage Lending department online
or call:
(901) 385-5210
or
(800) 532-9025.
