Mortgage Checklist

The following information is usually required during the loan process.

If you gather all the information prior to calling a lender you will save time and possible money.

This hold true if you are buying a short sale / foreclosure / REO or a New Home

All Sellers want to know you are fully qualified.

Identification:

•·              Your Social Security number

**             Photo ID

Assets:

•·              Bank statements for past two months

•·              Investment account statements for past two months

•·              Life insurance policy

•·              Retirement account statements for past two months

•·              Make/model of vehicles you own along with their resale value

Liabilities:

•·              Credit card account information, including balance and monthly payment

•·              Auto loan account information, including balance and monthly payment

•·              Personal loan account information, including balance and monthly payment

Incomes:

•·              Current pay stubs and W2, or if self employed, past two years of tax returns

If you currently own real estate:

•·              Mortgage account information, including balance and monthly payment

•·              Home equity account information, including balance and monthly payment (if applicable)

•·              Home insurance policy information