Please note

that to ensure an adequate time frame for your loan to be processed & closed 

I will request these Documents immediately.

Click above to print checklist  

 BORROWERS CHECKLIST

IN ORDER TO ENSURE AN ADEQUATE TIME FRAME BELOW ARE THE ITEMS REQUESTED PLEASE BE SURE THAT WHILE YOUR FILE IS IN PROCESSING AWAITING APPRAISALS TO SEND ANY OF THE MISSING DOCUMENTS REQUESTED OR NEEDED THAT WE DO NOT HAVE. BELOW ARE THE ITEMS NEEDED TO YOUR PURCHASE/REFINANCE TO BE PROCESSED & CLOSED. THEY ARE TO BE FORWARDED SO THAT BY THE TIME THE APPRAISAL IS COMPLETED AND RECEIVED THESE DOCUMENTS WILL NOT BE HOLDING PROCESSING UP FROM IMMEDIATELY SUBMITTING A COMPLETE FILE INTO THE HAND’S OF THE UNDERWRITER.

NOTE: Please disregard any items that do not pertain to your file specifically. As always feel free to call me immediately at anytime I will be more than happy to answer any questions you may have with any of these items.

 REGARDING INCOME: If you haven’t filed your 2011 then 2009-2010 would suffice.

2nd Mortgage Liens  

1.            Mortgage Statments on both Mortgages.

2.            Mortgage Notes on Both.

Quick Questions

A. Was the 2nd MTG taken out at the same time as your 1ST MTG?

     (Only answer bottom question if answer to this one is NO)
B. When was it taken out?

     (Only answer bottom question if answer to this one is NO)
C. Is your 2nd a true 2nd MTG or is it a Home Equity Line of Credit?

     (Only answer bottom question if answer to this one is a Home Equity Line of Credit )
D. When was the last time you drew any money out from the equity line?

 

Income

          1.            2 Years W2’s 2010 - 2011

          2.            Most Recent 30 Days Paystubs

3.            Self Employed 2 Years Tax Returns 2010 - 2011

4.            Multiple Properties 2 Years Tax Returns 2009-2010

5.            Most Recent Social Security Awards Letter And 1099 – "Dont have... then CLICK HERE For Easy Steps on How to get it now".

6.            For Pension Income – Most Recent Awards Letter, Pension Statement And Continuance Of Pension For 36 Months.

7.            Dividend And Interest Income – 2 Years Tax Returns 2010 - 2011 And Most Recent Account Statements In Which The Income Is Derived From. 

8.            IRA Distribution Income – 2 Years Tax Returns 2010 - 2011 Letter From Financial Institution Where Funds Are Being Withdrawn From Stating Amount Of  Distribution and Continuance Along With Most Recent 60 Days Statement.   

Insurance

1.           Current Declaration Page

 

2.           Mortgage Statement

VA Loans

1.            DD214

2.            Provide Name, Address, Tel# Of Nearest Relative.

Purchase

1.            Purchase Contract

2.            Copy Of Cancelled Ernest Money Deposit And Assets Statements Reflecting Ernest Money Deposit Being Cleared

3.            Amendatory Clause Signed And Dated By All Parties.

4.            Asset Statements With Sufficient Cash To Close.  2 Months Most Recent Statements.

5.            Present Landlord or Leasing Office info (Address & Tel).