Real Estate, Mortgage, Investment Property

Document Checklist


The Following Documents should be brought to the mortgage appointment or pre-approval.

(Although the list may seem long. In most cases 2 yrs W2s, 2 recent paystubs, insurance declarations page, and copy of your mortgage statement will suffice.)


Documents
* Legible sales contract signed by Buyers and Sellers.
* Social Security number of all applicants.
* Complete address for the past 2 years (including complete name and address of landlords for past 24 months).
* Name, address, and all income earned from all employers for past 24 months.
* Copies of previous two years W-2 forms.
* Copy of 2 most recent year-to-date pay stub.
* Current mortgage loan details: account numbers, payment amount, annual RE Taxes, and Insurance premiums.
* Name, address, account number, and balance of all deposit accounts, including: checking accounts, savings accounts, stocks, bonds, etc.
* Three months most recent statements for deposit accounts, stocks, bonds, etc.
 If you are on a fixed income:
 *Yearly awards letter, and 2 months bank statements showing income direct depositted.
If you choose to include income from Child Support/Alimony:
* Bring copies of court records of cancelled checks showing receipt of payment.
If you are self-employed or paid by commission:
* Previous two years Federal Income Tax Returns with all schedules and a year-to-date profit and loss statement.
 *12 months bank statements, all pages ( can be substituted for tax returns on some programs)
If you own other properties:
* Address of properties and current market value.
* Any debt owed on properties; Lender's name, address, account number, monthly payment, and current balance.
* Copy of previous two years Federal Income Tax Returns with all schedules.

If rented: copy of lease.

If you have filed bankruptcy in the last seven years:
* Copy of petition and discharge, handwritten explanation of reason for bankruptcy, evidence of excellent credit since the bankruptcy.

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Scott W. Brauer