Part III of the Uniform Residential Loan Application compiles Borrower and Co-Borrower information.

Of course you will need to provide your full name, as it appears on your social security card. It is also useful to provide your loan officer with any other name you may use or any other name you may have used.

First, we like to call you by the name you prefer to be called. Second, if you have changed your name either by marriage or previous marriage or have used any other name, it's a good idea to share this with you home loan lender.

A credit report, once pulled has a section labeled "AKA Information". Credit reporting agencies pick up name variations associated with your social security number. Many underwriters request explanations of name variations listed on the credit report.

Remember your loan officer is your friend, not the enemy. The more your mortgage loan officer knows the better they can assist you navigate this process smoothly.

Next you will be asked to provide your social security number, home phone (or cell phone if you don't have a separate land line), date of birth and number of years in school. I've never really figured out the true relevance of the number of years in school question, but it is there none the less. I suppose if a prospective borrower stated, as example, they were a lawyer and had only attended school for 12 years that would be questionable. More than likely a bureaucrat thought this would be a good question to ask and it has been there ever since.

You will be asked if you are married, unmarried or separated. This has nothing to do with loan approval, but can have some bearing in to how title will be held. Your state will have specific laws as to how title can be held based on marital status and which forms may have to be signed or acknowledged by a non-borrowering spouse. Consult your local mortgage loan officer for advice on this subject.

How many dependents do you have, not listed by a Co-Borrower and what are their ages? A few loan programs have special characteristics based in some part on the number of children living at home. VA and USDA loan are two that come to mind.

The mortgage industry is famous for one year, two year and sometimes three year look backs and look forwards. Your residence history is one that has a two year look back feature.

If you have lived at your present address for less than two years, be prepared to provide complete address information to cover at least two years. If you are asked, how long have you lived at this address one year and nine months is not two years. Be prepared to give the; from and to dates of your residence history for at least the last two years.

Do you or have your rented, owned or lived with relatives for every address listed to cover the two year period? Your residence history will be verified along with your payment history. A verification of mortgage and/or rent may be requested If you have rented be prepared with all landlord information and how to contact the landlord.

The housing payment history verification can be a very important factor in determining loan approval. Thirty days or more late in the last two years is not a good thing. Being more than 30 days or more late in the last 12 months can cause your loan to be denied.

Lastly, if you anticipate your home loan application will have co-borrowers please be ready to provide that information during your initial interview with you mortgage lender.

My mission is to provide residential mortgage lending services in Greenville, Pitt County and Eastern North Carolina. I am determined to deliver these services with openness, reliability and resourcefulness. The foundation of my activities accepts that I consider the needs of my customers and business partners ahead of mine. As a professional I strive to know more about my vocation than my competition, while enriching others.

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Jay Williams

www.myhomeloanwithjay.com