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I am happy to look over any good faith statment and I would encourage you to get at least 3 good faiths before you decide on a loan.
What you will need in order to get a loan.
- Checkbook, in order to pay for appraisal and credit report
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- Home address(es) for the previous two years
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- Employment information for the previous two years including employer name, address and phone number, i.e. W2s for the past two years and/or past two years of tax returns
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- Income information including salary, overtime, bonuses, commissions, dividends, interest, retirement and any other source of ongoing income, i.e. W2s for the past two years and/or past two years of tax returns
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- Liquid assets including bank name, account type, balance, and source of down payment
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- Other assets including the value of bonds, stocks, life insurance, retirement funds, jewelry, automobiles, etc.
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- Liabilities including creditor names and outstanding balances for all debts including notes payable, 401(k) loans, life insurance loans, stock pledges, alimony, child support, co-sign loans, credit union loans, and other liabilities
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- Real estate owned including property address, market value, outstanding liens, rental income, mortgage payments, taxes, insurance and maintenance dues
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Other:
New Construction:
- Year land or lot was acquired
- Original cost of land/lot
- Amount of liens
- Estimated cost of construction |
Planned Unit Development (PUD), condominium or co-op:
- Name of development or project
- Phone number of the homeowner's association (if applicable) |
Refinance loans:
- Year property was acquired
- Original cost of the home
- Cost of improvements
- Amount of liens
- Description of improvements |
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