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MORTGAGE APPLICATION ORGANIZER

The following items may be needed in order to complete a mortgage application:

 

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The last two year's of Tax Returns, W-2s & 1099s.

 
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Most recent pay stubs for each borrower to cover a 30-day period.

 
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A copy of your most recent mortgage statement, tax bill and homeowner's insurance declaration page.

 
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A copy of the Purchase Contract of Sale (if applicable).

 

For the self-employed borrower, you may be required to provide the following information if you select full documentation processing:

 

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The last two year's Personal & Business Tax Returns, including all schedules, and a year-to-date Profit and Loss (P&L) Statement

 
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Proof of Business ownership via a Business License or Liability Insurance.
 

Other items that may be required, depending on your individual situation are:

 

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If your down payment includes a cash gift from a friend or relative, you need a copy of the check or wire transfer showing the donor's name and account number, plus a copy of the deposit into your bank account. (This applies only to home purchase loans.)
 

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If you receive Social Security, a pension or annuity, provide a copy of the awards letter and a copy of a recent benefit check and statement.
 

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If you own other real estate, provide a lease/rental agreement (if applicable), and copies of property tax, insurance bills and mortgage bill (if applicable).
 

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If you receive alimony or child support, provide a copy of the divorce decree and evidence of receipt of income for 12 months (i.e. canceled checks, deposit slips or bank statements).
 

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If you pay alimony or child support, provide a copy of your divorce decree.
 

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If you've had a bankruptcy within the last seven years, provide a copy of your bankruptcy discharge, a copy of the petition (including schedules A & B) and a written explanation of the circumstances.
 

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If you currently pay rent, provide copies of rental payments for the last twelve months (may include canceled checks, bank statements, money orders, rent receipts, etc.) and the name and address of your landlord for the same time period. OR If you pay rent to a leasing agent, provide the complete contact information so we may obtain a Verification of Rent.  

 

 

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  Valerie Messina, Licensed Mortgage Banker
  Office: 973-588-7711 Ext 108; Cell: 973-768-8094  
  valeriemessina2005@yahoo.com
 
  Carolyn Messina, Certified Mortgage Specialist

  Office: 973-588-7711 Ext 107; Cell: 201-247-3887

  carolynmessina@yahoo.com

 

Jacob Dean Mortgage ~ 1711 Route 46 East, Suite 2, Parsippany, NJ 07054 ~ Fax: 866-778-9602

 

This web site is maintained by CJM Consulting Services, LLC, P.O. Box 11226, Fairfield, NJ 07004. MessinaMortgageInfo is not a Mortgage Broker or Mortgage Banker.  This web site was created by Carolyn and Valerie Messina to provide general information on mortgage products and services. For complete licensing information, please visit www.JacobDeanMortgage.net

 

Copyright © 2004 MessinaMortgageInfo.com - Last modified: 10/06/08