Saturday, January 28, 2012

The process of getting all the mortgage loan paperwork!

In the process of searching for our first home we were a bit naive to the amount of paperwork we would need to have collected! Which if you don't know is A LOT....enter stress now! Included in this list are the past 2 years of W2's, all pages of the past two years tax returns, two months of official bank statements, quarterly asset account statements, copies of social security cards and drivers licenses, and the name of home owner insurance agent.  After you submit all of these it is likely that you will need to submit supporting documents for one or several things...including copies of any checks deposited over $100 dollars into your bank account. With the understanding that we are loaning a lot of money we understood the need for these necessary documents just didn't realize quite how extensive the process would be!

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