Pinnacle Real Estate from Encino Real Estate | Calabasas real estate | Valencia real estate and beyond



Applying for a Mortgage? What You'll Need to Get Started We understand that obtaining a home loan often feels like a daunting task and we firmly believe that it is our job as your mortgage partner is to ensure that you are well informed. By taking you through the process, every step of the way, we keep it simple and easy. Being prepared will help you through this process. Because preparing to buy a home can be very stressful, the last thing you want to be doing is go digging through piles of paperwork trying to locate last year's tax forms or your bank statements. By spending a little time getting organized early in the process, you'll be ready to hit the ground running when it's time to apply for your loan.
You can contact any of our mortgage planners directly with specific questions as you start gathering your documents.
Alan Scherr	Claudia Diaz
Denise Bizzy	Nicole Kim
Justin Sorsabal

Typically documentation includes: • Your social security number • Birth date • Past 30 day pay stub showing year-to-date earnings • W-2 tax forms and tax returns for the past two years • The names, addresses and telephone numbers of your employers for the past two years • Bank account numbers and current balances of all bank accounts • Statements of current assets (individual retirement accounts, certificates of deposit, stocks and bonds, etc.) • The value of your personal property (employee retirement accounts, furniture, cars, collections or other valuable property, life insurance, etc.) • All current loan creditor's names and addresses, as well as the monthly payments and total amounts due • If you currently own a home, the address, current market value, mortgage lender, account number, current monthly payment and balance due on the mortgage o If you rent, the address, name and address of your landlord and your current monthly rent o If you've lived in your current address for less than two years, detailed information for your previous addresses (name, address, phone of landlords) Through the process you may also be asked for the following: • A signed copy of your ratified sales contract with receipts for the earnest money deposit toward the property • For gift money, a signed letter from the donor stating that you don't have to repay the gift • If self-employed, profit and loss statement and balance sheet for the past two years • If divorced, a copy of your divorce decree or maintenance agreement along with any amendments • A 12-month payment history of alimony or child support payments if the payments are needed to qualify for the mortgage • Your school transcripts or diploma if you do not have two years of employment history • If you own rental properties, your federal tax returns along with a schedule of all real estate owned and the account number and address of the mortgage company that holds the mortgages • If the property is rented, a copy of the current lease
By knowing what documents you'll need and getting them together ahead of time, you'll likely to be less stressed, you'll get through the loan application process more quickly, and you'll ultimately be one step closer to owning your home. Feel free to contact us with any questions.

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