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Purchase and
Sales Agreement signed by all parties.
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Account numbers
for each bank account where deposits are held, including the
name, address and zip code of each depository.
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Loan numbers for
each mortgage loan outstanding on other properties owned, plus
the name, address, and zip code of each lender.
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Loan numbers for
each installment loan outstanding plus the name, address and
zip of each lender.
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Name and
telephone number of the real estate sales agent(s) involved in
the transaction.
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If you are
self-employed or have tax shelters, bring two year's tax
returns.
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Social Security
Numbers for each borrower.
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If you were a
full-time student at any time during the past two years, be
prepared to verify this.
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A complete
schedule of your real estate holding. Include the address of
each property, the type of property and number of rental units
if rented, the income from each property, the mortgage
payments, the taxes and insurance and any income (or loss)
from operating the property.
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Name and address
of your present employer(s) for each borrower; if employed
less than two years, the name(s) and address(es) of previous
employers during the previous two year period.
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Photocopies of
your stocks and bonds, if you use their value to qualify for
the mortgage loan. If they are in the hands of your broker,
provide the name and address of your broker, plus your account
number(s).
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Present current
address and previous address if you have lived at your resent
address less than two years.
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Gross income you
are currently earning at your present job(s).
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Vested interest
in retirement fund.
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Life insurance
net cash value and the face amount.
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If divorced, the
amount of support payments per month, if any, and copies of
cancelled checks for the last 6 months. You will also need a
copy of the divorce decree.
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If you filed
bankruptcy, a copy of the petition and discharge.
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List of previous
credit references, including addresses, account numbers,
highest outstanding balance and date paid.
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You will need a
check for the application fee. This fee covers the cost for
the credit report and appraisal.
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An account, in
writing, of any problems concerning the applicant, such as
late payment to a credit card company or lapses in employment.
