To make the process of buying or refinancing a home a little easier, we have prepared this list of information needed to complete your home loan application. This is not an official requirement of any agency or lender, but using the checklist can help you make your loan application go more smoothly and quickly.
Please remember that the listed information is needed for both the borrower and co-borrower.
Mortgage Corp. Financial Services Inc. wants to make home buying the pleasure it should be. We want to work with you to make the best investment possible. Just let us know how we can help!
APPLICATION
The following information will be needed to complete the application we will send you. The additional items may be faxed or mailed to our office.
1) Residence/Employment
Complete address for the last two (2) years, names and addresses of landlords. All employment for the last two (2) years, name of company, address and person to contact.
2) List of Assets
Checking account numbers and balances. Savings account numbers and balances. Names and certificate numbers of stocks and bonds. Face and cash value of life insurance policies. Location and amount of retirement funds. Year, model and estimated value of automobiles. Real estate – property type, value, amount of liens, payment amounts.
3) Employment
Two (2) Current Pay Stubs. Two (2) years T1 Generals or T4’s or Tax Assessments.
4) Self Employed or Commission Basis
Two (2) Years Tax Returns (signed). Year to date profit and loss statement.
5) Your Application Appointment
Bring to the appointment: Agreement or Purchase and Sale.
6) Bankruptcy Ever Declared?
Copy of your discharge papers and handwritten explanation of the reason for the bankruptcy.
Any income used to qualify for a home loan must be verified. The fact that you have the funds for your down payment and closing costs must also be verified.
All information given on a home loan application is treated in a very confidential manner.
