Documents to Close Mortgage Loan

Video Transcript

"Being prepared when submitting your loan application will make the entire process easier. Most lenders will expect that you be prepared to provide the following documentation. Two years worth of employment history, with this you need to include the length of time that you are with the employer, and any addresses and phone numbers associated with that employer. Also two years of residence information, including any rental payments. They also want to see two years of W-2's and 1099's and tax returns for those who are self-employed. Please note it's important to disclose self-employment at the time of application. Lenders want to see two months of bank statements that would reveal any source of down payment, two months pay stubs, and two months of assets statements. A list of all your creditors and debts will be helpful, including any balances and account numbers. Lenders are going to ask for basic information such as your social security number, full name, and date of birth. Please include any facts about the property or, if there is a property that you're interested in, include those facts about that property. And if you have a Purchase Contract or have made an offer to purchase, it's important to bring that along with you."