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Top Six Documents Your Mortgage Lender Will Ask For

by Samia S. Morgan

Be prepared for your meeting with your mortgage lender. Have the following documention with you and review it for accuracy.

Applying for a mortgage can be a daunting task, but if you are prepared it will be less stressful and help your lender move things along smoothly.

  • Employment information.
    Include current contact information for all your employers in the last 2 years
     
  • W-2s.
    These forms should have been given to you from your employer.
    Include W-2s the last two years filed
    You may also want to make a list of any additional sources of income such as self-employment income, pension’s, rental income, child support or alimony or social security.
     
  • Pay stubs.
    Include pay stubs received in the last 30 days.
     
  • Federal income tax returns.
    Include tax returns filed in the last 2 years
     
  • Bank statements.
    Bank statements for any/all your accounts for the last 2 months
    Providing these statements will verify that amount of cash available for your down payment
    In the event that a portion of your down payment is a gift, grant or assistance program, you may need to provide documentation to verify this as well
     
  • Current debts.
    Make a list of any/all debts you have with company names, account numbers, balances and minimum monthly payments

Your lender may have already given you a list of items required and if not use this as a guideline. Most institutions will require similar documentation, but check with your lender first as they made need additional information from you.

How to Prepare Your Home For a Showing

by Samia S. Morgan

You only have one chance to make a first impression with potential buyers so it is important that your home is in tip top shape and ready for showing.

Here are a few things that you can do to help your agent.

1.       Tidy Your Home

 

2.       Unclutter cupboards and closets

 

3.       Make any minor repairs

4.       Cut lawn in the summer and shovel walks in the winter

5.       Put away all valuables

6.       Lock up pets or take them with you

7.       Open all drapes and blinds

8.       Make beds

9.       Turn on all the lights

10.    Leave the house

 

Helping your agent with these few things will help in creating a great first impression for each prospective buyer.

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Photo of Samia S. Morgan, Inc. Real Estate
Samia S. Morgan, Inc.
dba Samia Realty Group
BRE# 00967165
San Mateo CA 94403
650-678-3633