After you have identified the lender you want work with for your home loan, the entire process will flow much more smoothly if you can provide as much information as possible at the outset. Having the proper documentation will make things smoother for both you and your potential lender, so it is a great idea to gather this information in advance, especially if you are interested in a property quickly.

This list will assist you in preparing all of the items the lender will require and you will be able to furnish most of them at once instead of piecemeal as they are requested. These are listed in no particular order.

-List of payments: Every recurring and obligatory debts or bills you pay on a routine basis, such as student loans, child support, credit card bills, personal loans such as car payments, current mortgage or rent payments, including the bank and account numbers.

-Proof of assets. Copies of bank statements. The bank will want to confirm your assets and therefore will request a recent copy of all bank and brokerage statements, including retirement (401, IRA) accounts. A list of your automobiles, with make and model, for valuation purposes. If you own a business or part of a business, bring of that business's tax returns. For any income properties you may have, supply rental agreements and estimated value of the rental unit.

-For anyone who has been divorced, you should make available a copy of the divorce decree.

-Two years of employment history, with the names, addresses and telephone numbers of employers, including dates of employment.

-The previous two year's W-2s and your pay record from the latest pay periods. These are intended to permit the lender to confirm your current income. In the case of self employed people, you should have ready the last two year's personal and business tax returns, as well as the business's financial statements ? pret hypotheque. In the case of retired individuals, submit a copy of your award letter from the SSA and copies of any retirement and pension checks you receive, or the bank statement in the case of direct deposit.

-Addresses: The lender will have to check on each of your addresses for the last two years.

-Signed purchase agreement, if you have already made an offer on a home (or builder's contract if it is a new home), and legal description of property. -Copy of homeowner's insurance policy and title insurance policy, if you are re-financing your house ? hypotheque montreal quebec.

Taking all of these steps ahead of time will smooth the loan application process immeasurably, since the lender can submit an almost complete paperwork package right away.