Tag - loan documents

What You Need to Be Ready for Your Home Loan Application

How to Prepare for a Home Loan Application Planning for home ownership is just as important as homeownership itself. Being prepared from the beginning can put you in a better place overall not only now but in the future. Nobody wants to purchase a home only to be foreclosed on or have too short sell it in five years. The purpose of buying a home is to gain equity, responsibility, and a long-lasting investment. If you're like most of us, you have to have a mortgage or a home loan in order to purchase a property. I want you READY - [...]

100% Paper-Free Mortgage Applications?

Getting approved for a mortgage could get a whole lot easier! If you've ever financed a car you know how much paperwork there is, well, buying a house means quadruple that paperwork. There literally is a paper to sign stating that you've signed the previous paper. There is so much paperwork involved in a mortgage application and final closing but, that may start to change. Mortgage giants, Fannie Mae and Freddie Mac, have rolled out a new program that allows lenders to skip the collection of many documents that borrowers may need to submit. Lenders may be able to access third-party verification portals [...]

Documents Required for a New Home Loan - Purchase or Refinance

Documents Required for a New Home Loan – Purchase or Refinance

A question I am asked often is what information and / or documents do I need to provide? Because I am required to verify your income and financial information before giving you a mortgage loan, the items I request will provide the most complete picture of your financial history. Below are the documents I will need from you when we meet: Income Tax returns 2011-2012 (W2’s and 1099 if received) (2013 if filed or extension) Paystubs for the last 30 days Copy of Drivers License and SS card Mortgage Statement and hazard insurance declaration page for all real estate owned Asset statement most recent 60 days [...]

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