Sunday, December 1, 2013

Planning to Apply for a Mortgage? Documents needed...

If you are planning on buying a home in the near future and will need a mortgage, here are the documents you should get together:

*  Last 2 years W2 forms and Tax Returns (3 years if self employed)

*  Last 30 days of paycheck stubs (Year to date Profit and Loss if self employed, self prepared)

*  Last 2 months of bank or asset statements (most recent quarter if quarterly)

*  If you have had a Bankruptcy in the near past (most companies require 2 years after a bankruptcy), you will need the Bankruptcy discharge and Schedules.

*  If you have had a foreclosure in the near past (most companies require 3 years after a foreclosure) you will need to know the date the property was deeded out of your name to the financial institution.

This is not meant to be a comprehensive list, but will help you get started.  Your Loan Officer will appreciate your pro-activeness as well.  If you have any questions, please contact me at 317-563-1122 or chris@chrisminorteam.com.


Thanks!

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