Applying For A Loan

When you schedule your loan application appointment, make sure you are prepared . This will save you time and headaches later and will help minimize potential delays at closing . For starters, ensure you bring all of these things to your appointment:

Copies of W-2s and federal tax returns from the last two years Pay stubs from the last 30 days Names and addresses of employers from the last two years Bank statements (or addresses/account numbers) from the last two months Last two months of any stocks, mutual funds, or IRA/401K accounts Name and address of landlord from the last two years Copy of divorce decree, separation or child support papers (if applicable) All bankruptcy and discharge of bankruptcy papers (if applicable) Payment for credit report and appraisal fees Consumer debt names and account numbers (car, student loans, credit cards, etc .)

When you come prepared, you put yourself in a better position to not only receive a loan -- but to receive one favorable to your terms.