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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.
