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dcl08
<3
Member since 4/07 3915 total posts
Name:
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mortgage....
ive been reading posts about all the stuff that happens and what banks require when going for a mortgage......what exactly do they require? any tips you can give? i want to be prepared when its time for us
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Posted 6/19/10 6:32 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: mortgage....
you should keep several months of ALL bank statements, paystubs, check your credit so if there is anything false you can get it cleared up
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| Posted 6/19/10 6:57 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: mortgage....
Make sure you have direct deposit - and don't do any transferring of money back and forth...
Save all your paystubs and bank statements...
My bank recently asked for a copy of every deposit we made since feb - including every check we got as gift for our wedding.
DH had a deduction for employee stock purchase on his paycheck, he had just enrolled so it wasn't on prior stubs, they wanted a letter explaining the deduction and why. They weren't satisfied with our reply.
Our underwriter is being very unreasonable...
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| Posted 6/19/10 7:01 PM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Re: mortgage....
For us, we needed our last three returns, our last two pay stubs, and our bank account statements for the last few months (I do not remember how many...)
We transfer money every two weeks (after payday) from our separate accounts to our joint accounts, but our bank never questioned it.
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| Posted 6/19/10 7:30 PM |
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Ma-n-Pa2008
Mommy's Big Boy
Member since 3/09 2584 total posts
Name:
Melissa
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Re: mortgage....
for the initial mortgage application we needed 2-3 months worth of bank statements and paystubs and our licenses.
we just got a letter in the mail today asking for our original contract (which they should have), bank statements documenting a large sum of money i deposited (a bonus check), the canceled down payment check we gave the lawyer (which i have paperless statements so i don't know how i'll get the original check), verification of the "gift" check we are getting from my mom - plus the bank statements that show she took it out and deposited it in our account, written verification of our employment and bank statements signed by the bank, stamped (which hopefully i can get b/c i'm still at work when banks close!!) and the appraisal (which hasn't even benn done yet!). 
Message edited 6/19/2010 9:18:45 PM.
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| Posted 6/19/10 9:17 PM |
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