The following checklist will facilitate your mortgage loan interview
with a Arrow Financial mortgage loan originator. The checklist includes
most of the information that you and any co-borrower will need to
preparation for your loan interview, review the information below.
We suggest you print this worksheet, then check each box after you've
gathered the required data.
Security Number/Date of Birth
pay stub that shows year-to-date earnings.
copies sent to you by the Internal Revenue Service for the past
addresses, and telephone numbers of employers for the past two
and current balances of checking, savings, and any other accounts.
Retirement Accounts (IRAs), CDs, stocks, bonds, etc.
property that can include life insurance, retirement accounts,
student loans, credit cards, and other installment debt -- provide
name and address of each creditor and the monthly payment and
total amount due.
and Previous Addresses
If you own
a home: Bring the property address, current market value, mortgage
lender name, account number, current monthly mortgage payment,
and outstanding mortgage balance.
renting: Bring the property address, name and address of the landlord,
current monthly rent, and previous address/landlords if you've
lived in your current address for less than two years.
copy and any amendments, a copy of the listing form for the property,
the legal description of the property, and receipts for or down
may be some special situations that require you to supply additional
information. These include:
If you are
self-employed or work on a commissioned basis, you should bring
your federal tax forms for the past two years and a current year-to-date
profit and loss statement.
If you are
separated or divorced, you should bring a copy of your divorce
decree and separation agreement. Also bring documentation on alimony
or child support payments you are required to make or you receive
as income. Proof of this income can be the clerk of court's history
of payments or canceled checks for the past year.
If you include
pension, disability, Social Security, or other public assistance
as part of your income, you'll need to bring a copy of an award
certificate or a check from the issuing agency.
If you have
a bankruptcy, foreclosure, or any judgments against you over the
past seven years, you'll need to bring relevant information about
the proceedings. Such information includes a copy of the bankruptcy
discharge and schedule of both debts and assets. An attorney's
letter that discusses the outcome of the proceedings should be
included if there are judgments against you.