Items Required for Mortgage Loan Applications

copyright © 1998-2006; Richard C. Decker, P.A. RE/MAX Partners

When you go for a mortgage loan application you will need to take the following items
in order to give the mortgage representative your current financial picture

Here is what you need to apply:

· If a salaried employee,

W-2 for the past two (2) years

One month current paystubs for each applicant

· If self employed,

last two (2) years tax returns

current profit and loss statement - signed by the applicant

· Last three (3) monthly bank statements for all accounts

· Minimum monthly payments and account balances
on all outstanding credit account ( charge cards ) or installment loans

· Sales Contract ( if purchase )

· Warranty Deed, Title Policy, Hazard and / or Flood Insurance Declarations

· If refinance - Survey

· Name, Address and Loan number for any existing mortgage loans

· Name, Address and phone number of Condo / Homeowners Association

· Divorce Decree and Property Settlement Agreement

· Social Security Awards Letter if applicable

· Annuity Awards Letter if applicable

· Leases for all rental properties owned by each applicant

· Name, Address and phone number of applicant's landlord if applicable

· Personal check for Appraisal ( approx. $275 )

· Personal check for Credit Report ( approx $75 )

For further information please e-mail me with your questions!

Information regarded as reliable but not guaranteed - Copyright © 1998-2006 - Richard C. Decker - RE/MAX Partners