Mortgage Application Tips

Posted by  on Apr 16, 2009
You can apply for a mortgage before you find a house to buy. Here is a list of documents you'll need to apply for a loan.

· A list of your financial obligations.

· The addresses of your past two residences. If you rented, include the name of your landlord. If you owned a home, include the name of your mortgage holder.

· The names, addresses and phone numbers of all your employers for the past two years.

· Your most recent pay stubs for 30-days and W-2 tax forms for the past two years.

· Any documents that support your claims of income from sources such as Social Security, pensions, interest and dividends.

· If you’re self-employed, two complete tax returns for the past 2 years, plus financial statements for both the company and yourself.

· A copy of your divorce decree and settlement agreement if you’re divorced and you claim or are paying alimony and-or child support.

· Three months of original bank statements and a written explanation of any large deposits.

· The purchase and sales contract, if you find a house before you apply for a loan.


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