Lehigh Valley Homes & Real Estate: Lender Checklist: What You Need for a Mortgage

Lehigh Valley Homes & Real Estate - Lender Checklist: What You Need for a Mortgage - Perfect for Home Buyers in the "just looking" Stage.

When you are in the "just looking" stages of Buying a Home is when you should start gathering all the documentation that will be needed to help you get a lehigh Valley Mortgage on your new home.

• W-2 forms — or business tax return forms if you're self-employed — for the last two years for every person signing the loan.
• Copies of at least one pay stub for each person signing the loan.
• Account numbers of all your credit cards and the amounts for any outstanding balances.
• Copies of two to four months of bank or credit union statements for both checking and savings accounts.
• Lender, loan number, and amount owed on other installment loans, such as student loans and car loans.
• Addresses where you’ve lived for the last five to seven years, with names of landlords if appropriate.
• Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
• Copies of your most recent 401(k) or other retirement account statement.
• Documentation to verify additional income, such as child support or a pension.
• Copies of personal tax forms for the last two to three years.

Other Helpful Information - Things you just gotta know! trust me.

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Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.