Documentation for Your Home Mortgage
Published
4/5/2006 12:00:00 AM
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Loan Documentation, mortgage news, mortgage industry news, mortgage information, commercial real estate, commercial mortgages, mortgage software, mortgage companies, commercial mortgage, hud, respa, real estate finance, mortgage banker, mortgage bankers association, prime lending, predatory lending, housing starts, new home sales, HMDA, namb, mortgage banking, loan origination, national association of mortgage brokers, loan servicing, mortgage originator, subprime lending, national mortgage news
Below are some common documents needed to obtain a mortgage.
- Last 3 months bank statements.
- Last 3 months documentation of Brokerage accounts, DRIP plans or money markets.
- Recent paycheck stub.
- If you are relocating to a new location and job, have a copy of the offer letter, plus a letter saying you've begun work at that location. Your salary needs to be included in the letter.
- Credit information. Be sure to check your credit report before you apply for the mortgage to make sure there are no errors.
- Paper trail. Keep paperwork on any and all funds you move around, such as stocks cashed in, etc. You need to be able to prove to the lender that you didn't borrow the money under the table.
- Past 2 years tax returns and W-2s.
- Canceled checks from any previous mortgage.
- Employer's address and phone number.
- A copy of the sales agreement for the house that you sold.
- A copy of the sales agreement for the house that you are buying.
e Finance Loans (eFinanceLoans) Refinance Loans,
is a information source for Loan Documentation, mortgage news, mortgage industry news, mortgage information, commercial real estate, commercial mortgages, mortgage software, mortgage companies, commercial mortgage, hud, respa, real estate finance, mortgage banker, mortgage bankers association, prime lending, predatory lending, housing starts, new home sales, HMDA, namb, mortgage banking, loan origination, national association of mortgage brokers, loan servicing, mortgage originator, subprime lending, national mortgage news
Loan Documentation, mortgage news, mortgage industry news, mortgage information, commercial real estate, commercial mortgages, mortgage software, mortgage companies, commercial mortgage, hud, respa, real estate finance, mortgage banker, mortgage bankers association, prime lending, predatory lending, housing starts, new home sales, HMDA, namb, mortgage banking, loan origination, national association of mortgage brokers, loan servicing, mortgage originator, subprime lending, national mortgage news |