Do you know what documents to take with you when you apply for a loan?
So you've found a great house and negotiated a fair price. Now it's time to meet with a loan officer and make your formal mortgage application. The whole process will run smoother if you've already put together the needed documents.
- Copies of one or more months of pay stubs from every person signing the loan
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Copies of W-2's and personal tax returns for last 2 to 3 years
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Copies of 2 to 4 months of bank or credit union statements for both checking and savings accounts
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Copies of brokerage account statements for 2 to 4 months, as well as a list of any other major assets of value, e.g., boat, RV, or stocks or bonds not held in a brockerage account
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Copies of your most recent 401K or other retirement account statement
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Documentation to verify additional income, such as child support, pension, overtime, bonus,etc
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Copies of titles to any vehicles which are paid in full
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Account numbers of all your credit cards and the amounts of any outstanding balances
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Lender, loan number and amount owed on other installment loans -- student loans, car loans, etc.
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Addresses where you lived for the last five years, with names of landlords, if appropriate
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If you're self employed, provide profit and loss statements and tax returns for 2 to 3 years
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Copies of alimony or child support payments
Bringing all of these things with you when you make your application will help to speed up the loan approval process.
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We are passionate about helping our clients improve the quality of their family's lives. We do so much more than just "sell" houses. (read more) With backgrounds in Sales, Technology, and e-pro certified, we use the latest tools to simplify each trasaction for our clients and utilize extensive internet exposure to market our listings. Google us or any of our listings!
The Hoagland Group specializes in the following Central Indiana areas: Indianapolis, Greenwood, Center Grove, Whiteland, Franklin, Mooresville, Martinsville, Avon, Carmel, Fishers, Westfield, Geist, and Plainfield.
Search for Central Indiana Properties or for more Real Estate News, visit PerfectPlaceForYou.com.
Steve Hoagland, Steve@PerfectPlaceForYou.com 
Tonda Hoagland, Tonda@PerfectPlaceForYou.com
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usly consider taking the plunge.
A short sale(or pre-foreclosure) takes place when the sales price of a home is less than the outstanding mortgage balance on the property and the lender agrees to absorb the difference. 
42 E Hill Valley Drive, Indianapolis, IN 46227


