Mastering the Mortgage Maze

The Mortgage House has seasoned mortgage banking professionals working at every level of the organization. These are tried and true industry experts who know the ropes and how to navigate around virtually any obstacle.

With years of experience at skillfully guiding customers through the approval process, they understand that getting a home loan can be scary, confusing and (most of all) frustrating.

That's why they go out of their way... to simplify the complexities... to explain each step along the way in language that's easy to understand... to communicate regularly with their customers and Realtors®... to always keep their promises.

For a really fast approval, bring the following items to the application appointment:

For the last two years:

• Residence addresses.

• Names and addresses of employers.

• W-2s or complete Federal Tax Returns for two years, and recent paystub with year-to-date earnings.

• Proof of any other income sources (such as retirement, pension, social security,alimony, child support, etc).

Liabilities

• Names, addresses, loan numbers for any open installment accounts; payment amounts and approximate balances remaining.
• Real estate owned information - property addresses; lender names, addresses, loan numbers; payment amount and approximate balances; 12 months cancelled checks if a private lender or one that does not rate to computer.
• Credit card numbers and approximate current balances.
• If paying child support or alimony, copy of complete divorce papers.
• If currently renting, name, address and phone number of landlord; 12 months cancelled checks if hard to reach or out of area.

Assets

• Original account statements for last 3 months for all bank accounts or other asset accounts (stocks, mutual funds, IRAs, 401Ks, etc.).
• If gift funds are to be used, name, address and phone number of donor and relationship.
• Proof of any other assets buyers wish to declare.

If Self-Employed

• Complete Federal Tax Returns for most recent 2 years, including Personal and any Corporations or Partnerships.
• Year-to-Date Profit and Loss Statement and Balance Sheet for company or companies, current to within previous 60 days (may be provided later during  loan processing).

Other

• Check for appraisal and credit.
• If there is a co-borrower, above items for him or her also.