From the Mortgage Lenders perspective, here is a list of information needed to consider your loan:
Social Security Number
For
Borrower and Co-Borrower.
Current Pay Stubs and W-2 forms along with Employment History over the Past 2 Years
To include employment dates, addresses and salary.
Last 3 month's balances of all Checking/Saving Accounts
To include bank account locations, account numbers, balances and Certificate of Deposits.
Last 3 month's Statements or Copies of Certificates for Stocks, Bonds and Investment Accounts
To include broker's name/address and description of stocks bonds, etc.
Current Statement of Retirement Plan
To include approximate vested interest value.
Liabilities and Other Non Mortgage-Dept
To include creditors name, addresses, account numbers, monthly payments and balances.
For other scenarios, here is a list of additional information:
Self Employed
- 2 years tax return (to include profit/loss statement for both company and personal).
- Current Balance Sheet/Profit/Loss Statement (if more than two months into new fiscal year - must be signed by CPA).
- 2 years personal federal tax returns (if received income from commission; overtime; bonus; partnership; rental property; trust; notes receivable; interest/dividends).
Family Business Employment
- 2 years tax return (to include profit/loss statement for both company and personal).
Divorced or Separated
- Complete executed divorce decree and settlement agreement.
- Payment history of alimony/child support over the past 12 months (if a financial obligation) - unless you have chosen to have this be considered as part of your income.
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