It's the million dollar question: How much do you need to borrow?

Regardless of the amount of your mortgage, expect to be asked that very question – plus a whole lot more.

So, it's best to be prepared. Know what your lender will ask and bring necessary documents with you to your appointment. Use our mortgage loan checklist as a reference for compiling the information and documents your lender will undoubtedly ask for.

Mortgage Loan Checklist

1. Amount of money you want to borrow
2. The length of the loan
3. Current address (If you've been at your present address less than two years, you'll also need to provide your previous address.)
4. Social Security Number
5. Employer's name and address (If you've been at your present job less than two years, you'll need to provide your former employer's address as well.)
6. Gross monthly income
7. All bank account numbers and their approximate balances
8. Your assets (real estate, personal property, paid-up life insurance, etc.)
9. A complete list of debts (include account numbers)
10. A copy of the purchase agreement for your new home
11. A written account of any problems that may concern your loan application, such as explanation of bankruptcy, late payments, etc

Once you've begun the application process, you can expect your lender to:

1. Verify the facts of your application
2. Obtain a credit report
3. Make a property appraisal
4. Review all the details of your loan application
5. Make a determination on your loan

We can help simplify your loan application process with our in-house mortgage consultants. Our mortgage professionals offer a hassle-free way to get your loan. Contact us for a personal conversation about your mortgage loan at 1-877-234-2804.