Documents To Prepare
Getting The Loan: Table Of Contents
A home mortgage lender will want proof of your assets, income, credit report, debt situation and or other financial information.
I have outlined some documents you should prepare in case your mortgage lender needs them.
Documents To Prepare
- Your federal tax returns and W-2 forms from the past two years.
- You should have one or more recent paycheck stubs. Your name, Social Security number, name and address of your employer and year to date earnings should all be printed in the stub.
- If you have other income streams bring documented proof of each. Other income streams could stem from a second job, overtime, commissions/bonuses, interest and dividends, Social Security disbursements, VA and retirement benefits etc.
- Your most recent credit report from a certified credit agency (Equifax, Experian or Trans Union are the big names).
- Your list of current creditors including credit card issuers, student loans, car loans, child support and alimony. You may be asked to show proof of your minimum monthly payments and total balances, too.
- Your investment records: mutual fund statements, real estate and automobile licenses, stock certificates and proof of other investments or assets.
- If you have found the home you want to buy produce a home sales contract, including the purchase price.
Not all home mortgage lenders will require you to produce these documents. If you have very strong credit they may not ask you to produce much at all. Nonetheless, it doesn’t hurt to be prepared.
Continue: Closing: Sealing the deal!