5 Tips Before You Apply For A Home Loan
Before you begin your search for a home loan to purchase or refinance….start collecting! Yep, its best to be well prepared if you are looking for a mortgage.
The following information or documentation will be required to complete your loan application:
1) Your Residence History
- Your previous addresses for the last 2 years and how long you lived at each
- If you currently rent, your landlord’s name, address and telephone number to
- verify the most recent 12 month rental history
2) Your Employment History
- Names and addresses for all your employers for the last 2 years
- Dates of employment for each employer
- Letter explaining any gaps in your employment in the last 2 years
- Pay stubs for the last 30 days
- Most recent 2 years W2’s
- Most recent 3 years 1040’s
- Year-to-date profit and loss statement and current balance sheet (if self employed)
- Award letter and copy of most recent check for retirement, Social Security or disability income
3) Savings, Checking & Investment Accounts
- Checking/Savings Accounts - 3 most recent monthly statements
- Stocks/Mutual Funds - 3 most recent monthly statements
- 401K/Retirement Accounts – most recent quarterly statements
4) Miscellaneous (if applicable)
- Complete Bankruptcy papers including discharge
- Complete Divorce papers
5) Additional Information (if Refinancing)
- Copy of most recent property tax bill
- Copy of most recent homeowner’s insurance bill
- Copy of most recent mortgage statement or coupon book
QUICK TIP…Scan these legible documents into a PDF format to easily share via email or DROPBOX
Posted via email from Ric Dizon | iMortgage Long Beach | Comment »
