To get started with obtaining a mortgage, you'll need access to the following items. It is a good idea to keep them handy throughout the closing process, too, just in case you need them along the way. We've had several clients who have needed to jump through one final hurdle for the lender right before closing, and their documents were all packed away! Especially in the current volatile mortgage industry, it pays to be prepared.
1. Your Social Security number and that of your spouse.
2. Your current pay stubs, or if self employed, your past 2 years' tax returns.
3. Bank statements for the past two months.
4. Investment account statements for the past two months.
5. Life Insurance Policy information.
6. Retirement account statements for the past two months.
7. The make and model of any vehicles you own, along with their resale value.
8. All credit card account information.
9. All auto loan account information.
10. All personal loan account information.
11. If you already own real estate, your mortgage account information.
12. Your home equity account information.
13. Home insurance policy information.
For more information about obtaining a home loan, or for help finding a mortgage broker that fits your needs, call us at 512-454-8955 or simply shoot us an email at erin@austinhbc.com.
To see what you may qualify for click here: http://resultsmortgage.net/loancenter-calculators-prequalify.aspx
To see other mortgage calculators go to: www.usam.net/calculators/menu.aspx
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