Top Six Items to Take With You to Your Mortgage Lender

Applying for a mortgage can be a daunting task, but if you are prepared it will be less stressful and help your lender move things along smoothly. Below is a list of items that your lender will need in order to process your loan application. Having these things ready and with you during your meeting will not only save time, you will be more informed about your finances.

• Employment information
  
  Include current contact information for all your employers in the last 2 years




• W-2s.
  
  These forms should have been given to you from your employer.
  
  Include W-2s the last two years filed
  
  You may also want to make a list of any additional sources of income such as self-employment income, pension’s, rental income, child support or alimony or social security.
  
  



• Pay stubs.
  
  Include pay stubs received in the last 30 days.
  
  



• Federal income tax returns.
  
  Include tax returns filed in the last 2 years
  
  



• Bank statements.
  
  Bank statements for any/all your accounts for the last 2 months
  
  Providing these statements will verify that amount of cash available for your down payment
  
  In the event that a portion of your down payment is a gift, grant or assistance program, you may need to provide documentation to verify this as well
  
  



• Current debts.
  
  Make a list of any/all debts you have with company names, account numbers, balances and minimum monthly payments

Your lender may have already given you a list of items required and if not use this as a guideline. Most institutions will require similar documentation, but check with your lender first as they made need additional information from you.