|
 |
Needs
To Apply For Home Loan |
When
you apply for a home loan, few documents are need to
settle down the loan.
The
following is a list of the information needed to start
processing your home loan. Following information are
needed for the borrower and any co-borrower of home
loan:
Get the Lowest Rate on Your
New Home Loan
Property
Information
Type
of property
Use
of property
Address
of the property
Personal
Information
Legal
name of borrower and any co-borrower's
Social
security number(s)
Years
in school
Marital
status
Address
of current primary residence (if resident for less
than 2 years, provide previous address)
Number
of dependents and birth date for each dependent
Employment
information
Income
Information
All
sources and amounts of monthly income (borrower and
co-borrower(s): salary, overtime, bonuses, commission,
dividends, interest, retirement, and any other source
of income youd like for us to consider for repaying
your loan
Current
expenses (housing, alimony, child support and other
balance(s) owed)
Real
estate assets owned: property address, market value,
outstanding liens, rental income, and mortgage
payments
Other
assets, bank and financial institution accounts:
bank/institution name(s), account type(s), and
balances(s); value of bonds, stocks, life insurance
policies, retirement funds, and automobiles.
Loan
Information
Purchase
price of the house you are buying
Amount
you would like to borrow
Monthly
homeowners dues
Down
payment amount and earnest money
Once the above information is gathered, youre ready
to apply for the loan.
So now its time to Find the BEST LOAN!
Top |
