Very Important Information Regarding Mortgages

Lending guidelines have changed in recent years. The following is a list of standard requirements for obtaining a mortgage. However, once you are pre-approved, please check with your lender as additional information may be required:
- Previous year personal tax returns: all pages, all schedules including W-2’s, 1099R and K-1
- Most current year to date pay stub covering at least 30 days
- Two months bank and brokerage statements on all accounts including retirement (all pages of all accounts)
- If on disability, will need proof that it will continue for at least 3 years
- If self employed, will need two year personal and business tax returns all pages all schedules
- Copy of all mortgage statements on property that you currently own
- Copy of tax bills and insurance on all property that you currently own
- If you own condos, verification of home owner association dues
- Copy of fully executed sales contract
- Copy of cancelled earnest money check (once it has cleared your bank)
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