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Do You Know What Documents to Take With You When You Apply for a Loan?
Do you know what documents to take with you when you apply for a loan?
So you've found a great house and negotiated a fair price. Now it's time to meet with a loan officer and make your formal mortgage application. The whole process will run smoother if you've already put together the needed documents.
Copies of one or more months of pay stubs from every person signing the loan Copies of W-2's and personal tax returns for last 2 to 3 years Copies of 2 to 4 months of bank or credit union statements for both checking and savings accounts Copies of brokerage account statements for 2 to 4 months, as well as a list of any other major assets of value, e.g., boat, RV, or stocks or bonds not held in a brockerage account Copies of your most recent 401K or other retirement account statement Documentation to verify additional income, such as child support, pension, overtime, bonus,etc Copies of titles to any vehicles which are paid in full Account numbers of all your credit cards and the amounts of any outstanding balances Lender, loan number and amount owed on other installment loans -- student loans, car loans, etc. Addresses ... more
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