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When applying for a home mortgage or equity line of credit in todays market you must complete what is called a full documentation home loan. Full documentation home loans require the following to complete your home loan transactions. State issue ID Social Security Card 2 years Tax Returns 2 Years of W-2 Statements 2 Months Bank Statements All Pages Most Recent 30 Days of Paystubs Some home loan approvals will only use your W-2 statements per underwriters request. The main purpose that a loan officers needs your W-2 statements is proof of income to determine your debt to income ratio.
What else can I help you with?
How can one apply for mortgages with CCJ?
To apply for a mortgage with any company, you would need to contact their representative to let them know. They will ask for various documents such as W2s, bank statements, identification and assess whether you are worthy of a loan.
Can someone on disability cosign a mortgage loan?
You need to ask a mortgage agent.
What type of loan will you need to take out if you want to buy a home?
You will need to take out a mortgage loan to buy a home.
Do I need a mortgage broker to refinance my home loan?
You don't need a mortgage broker to refinance your home loan, but they can help you find better deals and navigate the process more easily.
What is meant by a 'jumbo' mortgage loan?
A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.
How can one apply for mortgages with CCJ?
To apply for a mortgage with any company, you would need to contact their representative to let them know. They will ask for various documents such as W2s, bank statements, identification and assess whether you are worthy of a loan.
Can someone on disability cosign a mortgage loan?
You need to ask a mortgage agent.
What type of loan will you need to take out if you want to buy a home?
You will need to take out a mortgage loan to buy a home.
Do I need a mortgage broker to refinance my home loan?
You don't need a mortgage broker to refinance your home loan, but they can help you find better deals and navigate the process more easily.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
What is meant by a 'jumbo' mortgage loan?
A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.
What information is needed to refiance a loan with Riverside Mortgage?
There is a lot of documentation needed in order to refinance a home loan with riverside mortgage. You will need the details of your first mortgage, as well as proof of current income and liabilities. Then you will need to get an appraisal of your home.
Can a primary mortgage be classified as a home equity loan?
Yes. There are 2 ways to refer to a mortgage loan: 1) Lien position on the title (1st mortgage, 2nd mortgage) 2) Product type (loan type: 1st mortgage, home equity loan, home equity credit line) If you only need to borrow $10,000 for example, this will not meet the minimum loan amount for a first mortgage with most lenders. Therefore you may obtain a "home equity loan" which is more often used as a second mortgage, but it will be the primary loan on the home.
Can your mom get a reverse mortgage if you have interest in it?
She can but will need your approval. You will need to approve the loan as well.
What do you need when you apply for a mortgage loan?
Good credit and adequate income.
Need a loan for a house?
Ask your bank or see a mortgage provider !
What is a Open end mortgage loan?
What is a Open end mortgage loan?
