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1. |
Purchase and Sales
Agreement signed by all parties. |
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2. |
Account numbers for
each bank account where deposits are held, including the name,
address and zip code of each depository. |
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3. |
Loan numbers for
each mortgage loan outstanding on other properties owned, plus the
name, address, and zip code of each lender. |
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4. |
Loan numbers for
each installment loan outstanding plus the name, address and zip of
each lender. |
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5. |
Name and telephone
number of the real estate sales agent(s) involved in the
transaction. |
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6. |
If you are
self-employed or have tax shelters, bring two years income tax
returns. |
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7. |
Social
security numbers for each borrower. |
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8. |
If you were a
full-time student at any time during the past two years, be prepared
to verify this. |
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9. |
A complete schedule
of your real estate holding. Include the address of each
property, the type of property and number of rental units if rented,
the income from each property, the mortgage payments, the taxes and
insurance and any income (or loss) from operating the property. |
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10. |
Name and address of
your present employer(s) for each borrower; if employed less than
two years, the name(s) and address(es) of previous employers during
the previous two year period. |
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11. |
Photocopies of your stocks and bonds, if you use their value to
qualigy for the mortgage loan. If they are in the hands of
your broker, provide the name and address of your broker, plus your
account number(s). |
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12. |
Present
current address and previous address if you have lived at your
present address less than two years. |
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13. |
Gross
income you are currently earning at your present job(s). |
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14. |
Vested
interest in retirement fund. |
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15. |
Life
insurance net cash value and the face amount. |
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16. |
If
divorced, the amount of support payments per month, if any, and
copies of cancelled checks for the last 6 months. You will
also need a copy of the divorce decree. |
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17.
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If you
filed bankruptcy, we need a copy of the petition and discharge. |
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18. |
List of
previous credit references, including addresses, account numbers,
highest outstanding balance and date paid. |
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19. |
You will
need a check for the application fee. This fee covers the cost
for the credit report and appraisal. |
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20. |
An
account, in writing, of any problems concerning the application,
such as late payments to a credit card company or lapses in
employment. |
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