This is a typical checklist for a customer doing a refinance. 

  Dear valued Customer,

 

DATE:

 Go Time

 

Thank you for choosing Preston Ware to provide your mortgage financing. In order that the staff may process your loan for approval, we need the following items and documentation.

Only those Items checked are applicable at this time. If you have any questions please feel free to give me a call or an email. 561-329-0075 preston@prestonware.com

 

I.  INCOME

 

 

Copy of most recent real estate tax bill for subject property

X

Most recent pay stubs

 (2)

 

 

X

Copy of survey of the property

 

W-2’s  /  1099 forms for 2013 & 2012

 

 

& 20

 

 

 

 

X

Copy of your owner’s title policy for subject property

X

Phone # to verify employment

 

 

Person appraiser to contact for access to subject property:

TAX RETURNS containing all supporting schedules:

 

 

 

Name:

 

 

Phone #:

 

 

Personal

 

20

13 

 

and 202012

 

 

 

 

Copy of sales contract/final closing statement for present

 

Corporate

 

20

 13

 

and 2012

 

 

 

 

 

home

(When available)

 

Partnership

 

20

 

 

and 20

 

 

 

 

Copy of listing agreement for present home

 

K-1 Schedules for all Corporations, Partnerships & Trusts 

 

 

Homeowner’s association or management company phone #

 

20

 

 

and 20

 

 

 

 

 

for subject association:

 

Year to date Profit and Loss for

 

 

 

 

 

 

 

 

 

V.

MISCELLANEOUS

Documentation to support receipt of or payment of

 

 

 

 

 

Alimony/Child Support:

 

 

X

All application forms to be signed where highlighted

 

Court Disbursement Record

 

 

Application form to be completed (sections highlighted)

 

 

 months of cancelled checks

 

 

X

Appraisal fee check payable to  provide credit card info

 

Complete Divorce Decree

 

 

 

 

for the amount of

400

 

 

Complete property settlement agreement

 

 

 

Please send with your application package

Social Security awards letter or last 3 month’s bank

 

 

 

X

Please pay to appraiser at time of appraisal

 

statements (all pages) showing direct deposit

 

 

 

Name, address and phone # of landlord for:

Current pension or disability awards letter stating amount &

 

 

 

present residence

 

term of award

 

 

 

 

former residence located at:

 

Copy of executed note receivable & 12 months proof of

 

 

Letter explaining: inquiries on credit report

 

 

receipt

 

 

 

 

 

Copy of fully executed lease for property located at

 

 

 

Copy of HUD1 settlement statement for property located at:

 

 

 

 

 

 

 

 

 

 

Inspections:

 

Roof

 

Pest

 

Well and Septic

II.

ASSETS

 

 

Copy of bankruptcy papers and discharge papers.

Copy of canceled down payment check

 

 

 

Copy of front and back of Alien registration card.

X

Copy of the last

1

months statements on all financial

 

 

Address and account number for the following:

 

 

accounts including savings, checking, credit unions, mutual

 

 

 

 

 

funds, stocks, bonds, IRA’s, etc.  (if quarterly only one

 

 

 

 

 

statement is needed.)  *All consecutive numbered pages of

 

 

X

Copy of most recent mortgage statement (or account # and

 

each statement.  (i.e. 1of 4, 2of 4, 3 of 4, 4 of 4.)

 

 

 

 

customer service phone # from mortgage coupon book.)

 

 

 

 

Homeowner’s ins. agent’s phone number

 

Copy of last profit sharing plan statement

 

 

 

Flood insurance agent’s phone number

 

Original gift letter fully executed by donor

 

 

 

PLEASE BE AWARE THE INSURANCE PRIMIUM MUST BE

Gift donor’s name, address, relationship, phone # and dollar

 

 

 

PAID TO YOUR AGENT BY:

 

 

amount of the gift.

 

 

 

 

Copy of the check from gift donor and bank deposit slip from

 

 

VI.

CONSTRUCTION LOANS

 

you showing deposit of gift funds

 

 

 

Plans and specification

Cost breakdown

Copy of fully executed buy-out agreement on sale of your

 

 

 

 

 

residence

 

 

 

VII.

OTHER

Copy of bank statement showing gift funds on deposit.

 

 

X

   Copy of drivers license & Social Security Cards

Certified letter from bank or financial institution, on their

 

 

(If you cannot locate your social security card, we can work around that

 

letterhead and signed by a bank employee showing current

 

 

can work around that by using another form of I.D)

 

balance.

 

 

 

Copy of corporate relocation benefits statement and letter

 

 

 

 

from employer stating you are receiving relocation benefits

 

 

 

 

 

 

 

 

III.

LIABILITIES

 

 

 

Copy of most recent statements for credit cards & other loans

 

 

 

 

which have balances

 

 

 

 

 

 

 

 

 

 

Copy of the past 12 months cancelled checks (front & back)

 

 

 

I look forward to a smooth and happy closing.

 

for payment of

  mortgage

or

  rent

 

 

 

 

 

 

 

 

 

 

 

 

IV.

PROPERTY

 

 

 

 

 

Copy of fully executed sales contract with all addendums and

 

 

 

SINCERELY,

 

 

option agreements for purchase of subject property

 

 

 

 

 

Copy of warranty deed on subject property

 

 

 

 

 

Preston Ware

561-329-0075

preston@prestonware.com

 

 

Copy of first page of Homeowner’s / Windstorm/Flood

 

 

 

 

X

Homeowner’s Insurance policy(ies) on subject property

 

 

 

 

 

 

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