Applying for mortgage - What paper work should I prepare?

[streetcore]

Hi everyone,

I've been watching the market and saving for a down payment for a couple years now and I'm getting to point where I might be ready to start making offers on my first duplex or triplex.

When the time comes to visit the bank I want to look as prepared and professional as possible, and I'm wondering what sort of paper work I should be putting together? Do I need anything other than personal financial statements and income/expense statements for the property I'm interested in? Should I put everything together in a binder or have it bound into a document at Staples? Any advice or examples would be much appreciated.

Thanks,

Andy

 

[Thomas Beyer]

Yes, create a binder. Inside, with tabs:

Assets owned with some meaningful detail such as value, mortgages, income, picture

Three years of NOA or 2015 T4s

Cash statement to prove down payment

One page bio with picture

 

[streetcore]

Thanks Thomas. I appreciate the input. I wouldn't have thought to include a bio and picture.

 

[RE123RE]

Hi,
Please include your Equifax consumer report in the binder the expert above mentioned.
Thanks