Archive for February, 2008

10 Things a Lender Needs From You [8.]

8. Account numbers of all your credit cards and the amounts of any outstanding balances.

10 Things a Lender Needs From You [7.]

7. Documentation to verify additional income, such as child support, pension, etc.

10 Things a Lender Needs From You [6.]

6. Copies of your most recent 401(k) or other retirement account statement.

10 Things a Lender Needs From You [5.]

5. Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, e.g., a boat, RV, or stocks or bonds not held in a brokerage account.

10 Things a Lender Needs From You [4.]

4. Copies of personal tax forms for the last two to three years.

10 Things a Lender Needs From You [3.]

3. Copies of two to four months of bank or credit union statements for both checking and savings accounts.

10 Things a Lender Needs From You [2.]

2. Copies of one or more months of pay stubs from every person signing the loan.

10 Things a Lender Needs From You [1.]

1. W-2 forms or business tax return forms if you’re self-employed for the last two or three years for every person signing the loan.

10 Questions to Ask Your Lender [10.]

10. Are there any charges or penalties for prepaying the loan?

10 Questions to Ask Your Lender [9.]

9. How long will it take to close the loan?