Buying a home is one of the most exciting times of your life. Whether you are preparing for your first buy, or you’ve been through it before, it is important to have your finances in order before applying for the mortgage of your new elegant home.
Here is a financial checklist for mortgages that can help expedite your approval:
☐ Social security number
☐ Driver’s license
☐ 2 years worth of tax returns as well as current pay stubs
☐ 2 months worth of bank statements, investment account statements, and retirement account statements
☐ Credit card, personal loan, and auto loan account info
☐ Mortgage account, home insurance policy, and home equity account information
☐ Profit and loss statements or 1099 forms
☐ 2 years of residence history
☐ List of assets
☐ Make and model of vehicle you own as well as the resale value of it
☐ Copy of sales contract, once ratified
While there may be additional documentation needed, this is a strong financial checklist for mortgages to get you started. It will all be well worth it once you are inside your new elegant home!