This is my first time attempting a loan like this so any tips or things to look for would be very appricated.
2007-06-04 09:21:57 · 7 answers · asked by unojdee 2 in Business & Finance ➔ Renting & Real Estate
1. 2 months paycheck stubs from you and your spouse (if applicable)
2. 2 months bank statements, all pages from all accounts.
3. insurance agent data (contact name & phone) borrower's tend to go with agent holding auto insurance for their homeowners policy. You also my want to call and get some quotes but, be careful you don't want too many inquiries on your credit prior to closing your loan.
4. W-2's covering previous 2 years.
5. If self-employed you will need previous 2 years 1040's.
6. If you are using alimony or child support as extra income loan officer will need copy of full divorce decree and birth certificate for any minor children.
7. If you filed Bankruptcy - bring copy along with your discharge.
2007-06-04 09:43:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I just did this Friday....Verify income and current bank statements. I ended up faxing about 13 pages of paperwork to a loan officer.
2007-06-04 09:34:30 · answer #2 · answered by ♥ Mary ♥ 4 · 0⤊ 0⤋
Most mortgage brokers will just need to speak to you on the phone and run your credit. Answer all the questions honestly and candidly. Think of your mortgage broker as your Priest. Confess all the dirt that could bite you later on. He will find it anyway and it is better to know at the start than find out at the close of escrow and .... not close.
Good luck
2007-06-04 09:33:38 · answer #3 · answered by Patrick G 4 · 0⤊ 0⤋
you shouldn't need to bring anything for a pre-approval. They should fill out a detailed mortgage application and pull your credit to see what you qualify for. Once you are approved then you will have to provide documentation..
2007-06-04 09:46:45 · answer #4 · answered by WeLoan.Us 2 · 0⤊ 0⤋
Income tax filings for two years. Records of any assets, savings, investments. Records of any bills, money owed.
2007-06-04 09:39:16 · answer #5 · answered by regerugged 7 · 0⤊ 0⤋
last two years tax paperwork, statements of any bills you pay such as credit cards, vehicles, basically anything that will ahve a balance.
2007-06-04 09:25:21 · answer #6 · answered by Anonymous · 0⤊ 0⤋
tax returns, or paystubs, bank statements, ss#, drivers license. their may be more
2007-06-04 09:30:49 · answer #7 · answered by camo 2 · 0⤊ 0⤋