How to Complete a Mortgage Application

Having decided to buy your dream home, and selecting a mortgage company, now is the time to fill out a mortgage application. Most people wonder, it is a complete mortgage application. Not that hard, once you have all the information at hand. There is a uniform residential Loan Application is widely used in the mortgage industry. It is full of interviews first. When you submit an application, it must pay an application fee, credit report fees and valuation fees.

Checklist of mortgage applications

There is some information you need before you complete your mortgage application. If married, the lender will ask for employment, personal and financial information for you and your spouse. Here is a list of all documents relating to loan applications need to process your mortgage:

1 Verify income

- If the employee - pay stubs recently, W-2 forms, tax returns for two years

- If you're working order - report profits and losses and pay tax for the current and previous two years

- Additional income - social security, overtime bonus, commission, interest, and veterans' benefits, etc.

2 Specific control

- The title of the list of bank accounts, checking and savings account statements for the previous 2-3 months

- List of savings bonds or other investments, as well as the estimated market value

- Copy the address of any motor vehicle has its own

3 Purchase Information

- Copy of purchase contract

- If the seller has submitted that the level of buying a home, you must attach a copy of the deposit check was canceled in the

4 of your debts

- A debt for consumer loans such as cars, furniture loans, student loans and loans for other personal and cosigned loan repayment detailed address and telephone number

- Credit Card account for the last two or three stages payments

- Proof of mortgage payments or rent

- Copies of alimony or child support

The ability to make your mortgage payment depends on your credit report. It would be better to have a good clean credit report before applying for a mortgage. It would be an apt replacement, if you have no credit history, enough to rent canceled checks, water and electricity, and other recurring obligations to show payment history. You will need these documents in hand to help speed up the process mortgage applications.