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Necessary Paperwork
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Obtaining a
mortgage can be a very tedious process. To help
smooth things along, be sure to have the
necessary paperwork available before applying.
This will
generally include:
-
Federal tax
returns from the previous two years.
-
W-2 forms
from the previous two years.
-
Recent
paycheck stubs.
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The name
and address of your employer, as well as
your year-to-date earnings.
-
Documents
to show other sources of income, which might
include a second job, overtime, commissions
and bonuses, interest and dividend income,
Social Security payments, VA and retirement
funds, alimony, child support, etc.
-
A complete
list of your creditors, such as credit
cards, student loans, car payments, etc.
Along with minimum monthly payments and the
balances for each.
-
Investment
records including mutual fund statements,
real estate and automobile titles, stock
certificates and any other investments or
assets.
-
Canceled
checks showing your rent payments or current
mortgage payments if you already own a home.
Mortgage Glossary3
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