07-26-2006, 03:55 AM
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#1 |
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Greenhorn
Join Date: Jul 2006
Posts: 19
Rep Power: 0  |
Mortgage Paperwork Question?
I have read conflicting lists of things needed when you apply for a mortgage...
do i need to have my last 2 years worth of W-2's or do i need my last 2 years of tax returns? I have my tax returns online, but i have absolutely no idea where my W-2's are. What other documents would I need so that we are prepared? Thanks! |
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07-26-2006, 03:55 AM
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#2 |
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Greenhorn
Join Date: Jul 2006
Posts: 17
Rep Power: 0 |
I am working on a mortgage now and just got the last of the paperwork and docs together. I needed 2 years W-2's (returns are not acceptable), 1 month of paystubs, 2 months of bank statements (all pages), copy of BK (all pages including discharge), copy of DL and SS. It wasn't as bad as I thought, although I had to contact our BK lawyer from 4 years ago for those papers-they are MIA in my files.
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07-26-2006, 03:56 AM
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#3 |
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Greenhorn
Join Date: Jul 2006
Posts: 21
Rep Power: 6 |
Depending on your circumstances, you may have to provide both. I did.
If you cannot find your W2, your employer should easily be able to get you copies. |
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07-26-2006, 03:57 AM
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#4 |
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Savings Advisor
Join Date: Jul 2006
Posts: 132
Rep Power: 6 |
The standard requirements are as follows:
1) Last 2 pay stubs, unless you are paid weekly. 2) Last 2 months bank statements for all accounts, all pages 3) Most recent copy of Retirement account statement 4) Last 2 yrs W-2's if you are salaried. If you are either self-employed or commission based then you would need last 2 yrs tax returns including all schedules 5) Legible copy of both your Drivers License and your social security card. 6) Documentation of any other assets or income you are showing. |
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