It is important to search for a lender who is willing to act as a financial counselor. He/she should be able and willing to analyze your financial situation and offer you a mortgage program tailored to your particular needs keeping in mind interest rates, cash requirements and monthly payments.

• Purchase and Sale Agreement executed by all parties.
• Account numbers for each bank account where deposits are held, including the name and full address of each depository.
• Loan numbers for each mortgage loan outstanding on other properties owned, plus the name and full address of each lender.
• Loan numbers for each installment loan outstanding, plus the name and full address of each lender.
• Name and telephone number of a person whom the appraiser should contact to gain access to the property being financed.
• Name and telephone number of the real estate broker (if any) involved in the transaction.
• Your own attorney’s name and telephone number (if applicable).
• A copy of your cancelled earnest money check.
• A complete schedule of your real estate holdings. 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.
• If you are self-employed or have tax shelters, bring two years’ income tax returns.
• Social Security numbers for each borrower.
• 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 years.
• Be prepared to verify if you were a full-time student at any time during the past two years.
• 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).
• Condominium buyers should try to obtain a copy of the condominium documents if the project is FNMA 1028. This will circumvent the need for providing the condominium documents to the lender.
• An estimate of the annual property taxes and reliable quote for insurance; condominium buyers should provide an estimate for the homeowners association fee. If this fee includes heat, include that information.

pack maynard and associates real estate llc 165 port road | kennebunk, maine 04043 phone :: (207) 967-3883 | fax :: (207) 967-8382 email :: info@pmrealestate.com Site Map | Your Privacy | Send This Page To a Friend Website by Nashua Web Design