What Your Lender Needs From You

It's the million dollar question: How much do you need to borrow?

Regardless of the amount of your mortgage, expect to be asked that very question – plus a whole lot more.

So, it's best to be prepared. Know what your lender will ask and bring necessary documents with you to your appointment. Use our mortgage loan checklist as a reference for compiling the information and documents your lender will undoubtedly ask for.

Mortgage Loan Checklist

	Amount of money you want to borrow. ____________________
	The length of the loan. ____________________
	Current address. (If you've been at your present address less than two years, you'll also need to provide your previous address.) ___________________________________________ ___________________________________________
	Social Security Number. ____________________
	Employer's name and address. (If you've been at your present job less than two years, you'll need to provide your former employer's address as well.) ___________________________________________ ___________________________________________ ___________________________________________
	Gross monthly income. ____________________
	All bank account numbers and their approximate balances. ___________________________________________ ___________________________________________
	Your assets (real estate, personal property, paid-up life insurance, etc.). ___________________________________________ ___________________________________________
	A complete list of debts (include account numbers). ___________________________________________ ____________________________________________ ____________________________________________ ___________________________________________
	A copy of the purchase agreement for your new home.
	A written account of any problems that may concern your loan application, such as explanation of bankruptcy, late payments, etc.

Once you've begun the application process , you can expect your lender to:

1. Verify the facts of your application.
2. Obtain a credit report.
3. Make a property appraisal.
4. Review all the details of your loan application.
5. Make a determination on your loan.

We can help simplify your loan application process with our in-house mortgage consultants. Our mortgage professionals offer a hassle-free way to get your loan. Contact us for a personal conversation about your mortgage loan.