Before you start home shopping, you should get
preapproved for a loan so you can focus solely on homes
in the price range that you qualify for.
Mortgage Application Process
When you meet with the lender for
your loan application interview, it's important to bring
all the proper information to ensure that your mortgage
application will be processed as quickly as possible.
After you apply, the lender will
begin the work of verifying all the information you've
provided. The following list will give you an idea
of the types of documents and information you should be
prepared to provide. This will ensure a smooth,
well-organized mortgage application process. There
may be additional information required by your lender.
Show/Hide Document List»
Documents for Lender
- New Home Purchase Agreement
- Sales contract, if selling present home
- Social Security number for each borrower
- Date of birth of each borrower
- Address of residence(s) for past 24 months
- If self employed or commissioned, Federal tax return for last two years
- Divorce decree (if applicable)
- Bankruptcy papers (if applicable)
- Employment history of each borrower for a minimum of 24 months
- Other permanent sources of income: Interest/dividends, pensions, disability, child support or rental income
Your ability to obtain a mortgage to
a great extent depends on the information contained in
your Credit Report. So, it's a good idea to get your
credit report, before you apply for a mortgage, and
- Deposit Accounts: checking, savings, credit union, IRA's, CD's, etc.
- Name, address, zip code of each bank or credit union
- Account number of each account & current balances
- Outstanding Loan Accounts: furniture, auto, present mortgage, etc.
- Name, address, zip code of each lender
- Account number for each debt account, monthly payments
and current unpaid balances
- Credit Cards ... monthly payments & current unpaid balances
- Previous Credit References: name, address, zip code of each bank or lending institution,
account number, highest credit & date paid off
- Cash value of life insurance & amount in force; monthly premiums paid
- Household and personal property value
- Auto(s) year, make and model; value
- Other assets; boats, motorcycles, jewelry, savings bonds, etc.
Moving is never easy, but
good organization and planning can make a difference.
Here are some tips that will help.
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One Month Before Closing
- When selecting a mover, check out their
rating on the Better Business Bureau's
and schedule your move.
- Collect important papers and a list of
important phone numbers you made need before
everything is moved and unpacked
- Now's a great time to decide what to
keep, what to give away, sell at a yard sale
or throw away
- Begin packing items you won't need for a
- Prepare a list of who you will need to
notify of your new address
- Contact new schools and arrange for the
transfer of school records
Two Weeks Before Closing
- Confirm your moving date and time with
your moving company
- Notify current utilities of
- Arrange for cancellation of newspaper
deliveries and new subscriptions to your new
- Complete change of address at the Post
- Notify businesses of your change of
address (doctors, veterinarian,
subscriptions, banks, insurance, etc.)
- Arrange for someone to take care of your
pets on moving day
One Week Before Closing
- Pack items you will not need until after
- Set aside items you will need on moving
day so they aren't packed accidentally
- Begin cleaning out the refrigerator
- Gather items you will need to take with
you and keep them handy
- When the movers arrive, show them any
items that will need special handling and
supervise their placement of boxes and
- Make sure someone is at your new home to
meet the movers
When you buy a car, you know and expect
that you will need to
maintain it to keep it operating properly. You add
gas, change the oil, replace worn tires, wash it, and
repair mechanical problems that may arise.
Well the same holds true when you own your own home ...
it requires maintenance to keep it functioning properly.
On the outside, there may be grass to move, trees to
trim, gutters to clean, windows to wash and the roof to
inspect for wear. Inside, you have flooring to clean, filters to
replace, smoke detectors to check, etc.
A preventive home maintenance program will maintain your
home's value and save you money in the long run.
You may find it helps to use a maintenance checklist.
The checklists shown below are courtesy of
You may want to use one of them, either as is or by
adding or deleting items to tailor it to fit your