Me and my hubby are going to sort out our mortgage at the bank tomorrow. We know that we have to take our last 6 months salary slips, but cant remember what else we were told to take with us! Does anyone know? Thank you!! xxxx
2006-09-24 10:00:41 · 11 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
This varies from bank to bank, but a good bet would be proof of income - usually your w-4 for 2005 even 2004, plus your current pay stubs. Usually the last one will do, if you have your w-4's.
Next your social security #. It is also good to come prepared; know your credit scores before hand, (an average scor is about 650, so if your scor is higher you should expect a little lower interest rates, maybe a 1/4 pt.) also know what other lenders offer as far as credit rate, points, and origination fees.
It is a good idea to shop around a few different banks to now if you are getting a good deal. Do it rather than just say you will.
Good Loan officers know that they are selling you a commodity and don't want you to knwo what their cometition is offering. Its like going to a funiture store and paying full price for something that is on sale across the street.
2006-09-24 10:11:19 · answer #1 · answered by NW_iq_140 2 · 0⤊ 0⤋
You need to take
1 . Your income proof which can be your
last three months bank statements , which can be supported by the salary slips you have OR the P60
2.Your Name ID
Which is your full valid passport OR Driving Licence with the green paper that comes with it
3. Your address ID
A gas or electricity bill in your name or council tax bill.
However if you bank with them already you may not need to take the ID documents with you, but its always good to be prepared.
If you are self employed you need to take last three years bank statements with you.
If in doubt feel free to give the bank a call and get things clarified. Its your right dont feel bad. Good luck with your mortgage application and hope you pay it off soon.x
2006-09-24 11:20:43 · answer #2 · answered by Olderwiser 4 · 0⤊ 0⤋
Both will need to take a up to date original passport and a utility bill, for the identification, your last 3 month salary pay slips, P60 and any details of expenditures. Also take your cheque book as you normally pay up front for things like valuations, etc.
Good luck i hope everything goes well.
2006-09-24 10:16:39 · answer #3 · answered by nmg1969 1 · 0⤊ 0⤋
Your payslips are the main thing but I also wrote a list of all regular monthly/weekly expenditures, food shopping, all bills, credit cards, mobile phone, car running costs etc
If you already have a mortgage take all your existing paperwork for that. Hope this helps.
2006-09-24 10:04:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you double your monthly payment, you will repay a 25-year mortgage in about 6-years.
Lesson: Try to ensure there is a clause in your mortgage that permits pre-payments.
Typically there are huge penalties if you try to make pre-payments in the future.
Just a thought.
2006-09-24 11:34:47 · answer #5 · answered by Smilin' Fred 4 · 0⤊ 0⤋
As long as you have a form of identity, your pay slips from the last few months this will be all you need.
2006-09-25 00:45:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Ring to ask. But I reckon they'd need proof of who you are (birth certificate, passport etc) and a current address (if not the place you want to move into).
2006-09-24 10:09:37 · answer #7 · answered by Michael T 3 · 0⤊ 0⤋
something official with your current address and your name on it would be useful.
if you're currently renting, then your landlords details, so they can check with your current landlord if you pay em on time etc.
thats all i needed when getting my mortgage.
hope this helps!
2006-09-24 10:13:58 · answer #8 · answered by manca300 2 · 0⤊ 0⤋
pasport utility bills drivers lice good luck xx
2006-09-24 10:09:23 · answer #9 · answered by kj 5 · 0⤊ 0⤋
Two items to prove you are who you say you are, driving license, passport etc.
2006-09-24 10:04:54 · answer #10 · answered by tucksie 6 · 0⤊ 0⤋