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Applying For A Loan
November 20, 2003
Here's some of the information you'll need to provide when
applying for your mortgage loan.
Loan type (Conventional, FHA, or VA,). Co-borrower information,
such as for your spouse. Requested loan amount, interest rate,
term and amortization type (fixed rate, adjustable rate, or graduated
payments). Property description including address, size, year built
and if it will be your primary or secondary residence or an
investment. Personal information including name, SSN, birth date,
dependents, years of schooling present address and employment
information. Assets such as cars, investments and property. Debts
including current mortgage, credit cards, alimony or child support.
Finally, a list of declarations asking about lawsuits, bankruptcies,
delinquencies, etc. There is a lot of information required, so start
gathering it now.
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