You’ve decided that you’re ready to buy a home. You’ve shopped around for the best mortgage and lender for you. And now you’re ready to go ahead and apply for the loan. As in, this is serious!
The shopping around is the hard part. As you can guess, actually applying for a loan (step 2 of the 8-step mortgage process) mainly involves providing a lot of paperwork that demonstrates your ability to pay it back. Like information about your employer, your income, and your assets.
To help you get ready, here’s a list of the documents that each person whose income you want to be considered will, or might, need for the mortgage application. It’s a pretty comprehensive list, but just in case, ask the lender whether you need to submit anything else.