Formulate a Financial Plan

Know Your Net Worth

Manage & Minimize Debt

Accumulate Assets

Budget to Live Within Your Means

Understand Investing Basics

Plan for Retirement

Insure People & Property

Deal with Financial Advisors

Review Your Employment Contract

Make Plans for Your Estate

Make Good Decisions


When you apply for a mortgage loan you’ll likely be required to furnish the following information to your prospective lender:

  • Most recent month’s pay stub(s) covering a consecutive 30-day period 
  • Most recent two months’ checking and savings accounts statements.  For these submissions ensure all pages are included, even if some are blank. The lender will likely need to see your complete account number, name, and a running balance for each statement. Screen shots and web page printouts may not be acceptable. The lender should be able to provide you with some guidance on how to generate appropriate printouts from your accounts
  • W-2 or 1099 forms for the most recent two years, for each job held
  • Federal Tax Returns for the most recent two years. The lender will likely require the entire (signed) returns including all schedules
  • If you are self-employed and your business files a separate return, then you may also need to provide your corporate returns for the most recent 2 years
  • A copy of your driver’s license
  • The most recent mortgage statement from each existing mortgage. Statement(s) must show whether property taxes and homeowner’s insurance are included in the monthly payment (typically set aside in an escrow account). If these items are not explicitly included in the statement, you may need to provide the homeowner’s insurance declarations page, and a recent property tax bill. If a property is owned free and clear (no mortgage), the lender will likely need just the declarations page of the homeowner’s insurance policy and a copy of the property tax bill
  • If you have been divorced, or are in the process of being divorced, a copy of the signed separation agreement and/or divorce decree may be required

During the early- and mid-2000s, application materials were often treated dismissively by lenders, who were all too eager to issue loans and collect origination fees (many quickly sold the loans, making them someone else’s headache). Such loans later became known as “liar loans” because underwriting standards were so lax applicants could blatantly lie about their income or assets without fear the lender would verify the information. Since the Subprime Crisis, lending requirements have tightened significantly. It’s unlikely you’ll be able to qualify for a mortgage loan without the items listed above.