home mortgage, home loans, commercial loansThe Lending process has changed a great deal in the last few years so it’s important to stay up to date on current requirements and have a solid picture of your financial standing.

When applying for a mortgage, you will need just a few pieces of information when you meet with the banker or lender:

  • Name and Social Security number of each applicant
  • Current address
  • Phone number where you can be reached
  • Monthly salary and sources of income (include child support or alimony received)
  • Information on length of employment, and employer address and phone number
  • Two most recent pay stubs from your employer
  • W-2’s for the last two years
  • Last two months’ bank statements
  • Long-term debt information (credit cards, child support, auto loans, installment debt, etc.)

Run your credit report at least once a year so there are no surprises.  Be cautioned, which site you use as not all services are free as they advertise.  Use the following link:

https://www.annualcreditreport.com