Mortgage Preparation Checklist

Mortgage Preparation Checklist

If you are thinking about doing a mortgage, it always helps to know what documents
the mortgage loan originator will require from you. So here is a quick list to get you
started on your new mortgage loan.

Find Income Tax Return copies for last two years

Find W2 forms for last three calendar years

Find business (C-Corporations, S-Corporations, Limited Liability Companies,
Partnerships) Income Tax copies (if Self-Employed) for last two years.

Find K-1 forms for last three calendar years (if Self-Employed)Collect pay documents (one month’s worth of pay check stubs, a Social Security,Pension, Annuity AwardLetters, adoption stipend stubs and/or county printout of child support payments received)

Collect asset documents (two months most current bank statements for all checking,
savings, and money market accounts, last two statements received for all IRAs, 401Ks,Stockaccounts,and Annuities,
HUDs from recent property sales) Note that state, county and federal retirement accounts for current employees do not count as assets.

Collect situational documents (Divorce Decree, Bankruptcy discharge letter and list
of creditors,

leases for Rental Properties, Tax Appraisal notices for Rental Properties,
Homeowner’s Insurance

Declarations Pages for Rental Properties, proof of payment for Judgments, Tax
Liens or collections.

Obtain statement of Whole Life Cash Value (if applicable)

Find Survey (if Refinancing and in a state that uses surveys)

Find Homeowner’s Insurance Declarations Page

Write down the names, addresses and telephone numbers of all landlords for the
past two years

Write down the name, address and telephone number of the Human Resources
department for all jobs.