Preparing for a Mortgage

When applying for a mortgage, make sure to include some rather obvious items, such as names, addresses, and social security numbers for everyone on the application.

Also, lenders want to verify your income, so bring the last two years of w-2 forms and your most recent pay stub. If you include alimony income, bring copies of court records showing receipt of payment. lenders want to know about your full financial picture, so be ready to produce the three most recent monthly statements for your deposit accounts – including checking, savings and investment accounts – as well as any loans, credit cards or charge accounts.

Lastly, having your documents ready when you start your mortgage application can help streamline the process so things go smoothly.

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