You want to be prepared with your 2011 & 2011 tax returns along with W-2 forms, most recent pay stubs covering 30 days (so if you get paid weekly, you'll need the last 4), 2 recent bank statements to all accounts, copies of your picture ID & social security card, along with any other documentation your lender will require. The quicker you can turn over what's needed from you, the quicker your lender should be able to process your loan.
If you're in need of a Loan Officer, I'm always available to meet face-to-face. Good luck!
Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
Secondly make sure that all the required paperwork needed for your application is ready at the time you sign your mortgage application papers. You will need 30 day pay stubs; last 2 years 1040â€™s and W-2â€™s along with all schedules of your tax returns; last 2 months bank statements; investment statements; and retirement account statements. Missing pages will hold up your file for final clearance, so make sure to include all pages of the statement (pages 1-4) even if some of the pages are blank.
Lastly make sure that your attorney orders the title right away and that you have your homeownerâ€™s insurance binder and invoice ready for the lender to review. Delays in getting these items will also slow down your closing process.
The key to a fast and easy closing is to be prepared in advance and find a loan officer with a streamline application process.
Best of luck and happy house hunting.
Good Luck and Happy House Hunting.