What do I need to apply for a mortgage?

The first step in securing a mortgage is to complete a loan application if you are dealing with a lender. If you use my recommended mortgage expert he will be able to ascertain the options after pulling your credit and reviewing the hundreds of different loan programs that are out there. You'll generally need the following information at the time you have selected the loan you want. • Pay stubs for the past 2-3 months • W-2 forms for the past 2 years • Information on long-term debts • Recent bank statements • Tax returns for the past 2 years • Proof of any other income • Address and description of the property you wish to buy • Sales contract This is why you are better off dealing with a mortgage broker that deals with several different lenders and can steer you in the direction of where you have the best mortgage based on your needs and credit history and of course available cash for the down payment. The application process typically takes between 1-6 weeks.

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