Things to Show Mortgage Lenders

I think the following raises some excellent points about Mortgage. I’ve included a few of the highlights for you to get the gist of the article:

Let the mortgage professional know what sorts of programs you are interested in or leaning towards. They'll ask you to complete the 1003 form and will almost universally ask you to give them the names, birthdates, and social security numbers for all mortgage applicants (you and whomever else you are buying the place with) over the phone, so they can run your credit reports. Not a big deal, so long as you selected this individual by referral or otherwise know that they are connected with a legitimate enterprise.

Personal Information

1. Full name of all persons applying for the loan along with their social security cards -- the original blue card;
2. Your home address, including zip code, for the last 24 months and the names and addresses of landlords and/or mortgage lenders.

Employment Information

1. Name and complete address of employers (for all applicants) for the last 24 months;
2. Last two years' W-2 forms for all applicants;
3. Most recent pay stubs covering one full month and year-to-date info for all applicants;
4. Verification of any other income to be used for qualification purposes;

What do you think? Maybe you’d like to read on? Check out the full version here…then give me a call to discuss how this might impact your own business: (0403) 296-221. Alternatively, email me at [email protected] 

Thanks,

Tammie