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autumn_limco · Joined: 05 Jan 2010 Posts: 11 2.36 Dollars($)

so guys would you tell me how an unemployed person can get a mortgage? if someone employed would be used as a middleman, does he has to be in relation with the one wanting the mortgage? thanks!

gmakerley · Posted: Thu Jan 07, 2010 9:45 am Post subject:

great question, autumn. how does said unemployed person plan to make payments on the mortgage? i know you didn't say no income, but UEC runs out eventually, and then what?

lenders are not going to be throwing money at unemployed people.

rob_masangcay · Joined: 13 Jan 2010 Posts: 3 1.71 Dollars($)

1. IF EMPLOYED YOU NEED TO SUBMIT TO THE MORTGAGE INSTITUTION YOUR PROOF OF INCOME LIKE PAYSLIP FOR YOUR SALARY OR JOB CONTRACT WHERE YOUR BASIC SALARY IS BEING STIPULATED.
2.IF BUSINESSMAN, YOU NEED TO HAVE YOUR AUDITED FINANCIAL STATEMENT FOR THE LAST TWO YEARS
3. FOR PENSIONERS, YOU NEED TO SUBMIT YOUR PROOF OF REMITANCE ON PENSIONS.

gmakerley · Posted: Thu Jan 14, 2010 8:33 am Post subject:

yeah, kind of...

self employed borrowers must have 2 years' tax returns.

Guest

Also, make sure if you have any private contract type loans that are not listed (nor will be listed) on your credit report, that they also are submitted to your mortgage broker/loan officer and to the lender. I don't think most mortgage brokers asks for this and it can easily be overlooked.

I actually learned this by asking and not being told by the professionals. Had I left it up to them they would have never said anything. I actually had a debt that was not on my credit report that did not get submitted to the lender and I did not even know this was right or wrong until almost closing. It is taken care of now, but I don't want anybody to potentially get into trouble over this. It is an easy overlook, especially for the new time home buyer as the loan application forms are already pre-filled and most just sign and not read the fine print.

aboutyourmortgageusa · Joined: 24 Dec 2009 Posts: 33 10.07 Dollars($)

If you make a decision to refinance or purchase a new home,,,, you will be necessary to sign a set of disclosures in order to begin the mortgage procedure.... This set of documents will take in the Truth in Lending disclosure, the Good Faith Estimate,,,,, the Credit Report disclosure,,,, and many more.... These documents permit the bank or mortgage broker to gather sensitive information such as employment history, credit reports, bank statements, income documents, and more...

gmakerley · Posted: Thu Mar 04, 2010 10:30 am Post subject:

about, please refer back to the query. our poster desired to know what documentation was needed to bring to the lender to begin the process of applying for a loan.

the documents that the lender prepares in connection with a new loan have no relevance to the specific question here. please take care to respond in kind.

Guest

Lenders are requiring 2 years of residence hisory. It does not have to be all in the same location. The just want to know where you have lived over the past 2 years. Here is a great website for info.
DesireeDoesLoans dot com[/url]

buywuwant · Joined: 03 Sep 2010 Posts: 16 2.58 Dollars($)

Thanks Eric for these information .

sabrinatoss · Posted: Fri Feb 04, 2011 2:11 am Post subject:

Providing such basic information here really helps a lot of persons who are in their path of acquiring a loan. The checklist helps them to prepare all the necessary documents needed.

gmakerley · Posted: Tue Feb 08, 2011 12:11 pm Post subject:

It looks like it's bright and sunny Down Under, Sabrina - shine a little of that up here to Connecticut, USA, if you have any to spare, please.

barryflecthing · Joined: 06 Apr 2011 Posts: 2 1.27 Dollars($)

I am dreaming for having my own house, and I don't know the first step. This forum seems has a lot of treasures to have for.

smithsussane · Posted: Thu Apr 07, 2011 11:33 pm Post subject:

Hi barryflecthing!

Welcome to forums!

You will require your pay stubs, tax documents, sales contract signed by Buyers and Sellers, Social Security number of all applicants, Complete address for the past 2 years, name, address, account number, monthly payment and current balance for: instalment loans, revolving charge accounts, student loans, mortgage loans, and auto loans, etc.

Feel free to ask if you've further queries.

Sussane

jumbohome07

Well the information you have provided is great. But I have no knowledge about what document are needed to gather a mortgage.

smithsussane · Posted: Tue May 03, 2011 1:24 am Post subject:

Check out my last post. You'll get to know what documents you may need to get a mortgage.

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What Documents Do You Need To Gather For Your Mortgage?