Infinity Mortgage Company – New Mortgage Checklist

5901 B Sixth Ave.
Altoona, PA 16602
1-888-320-5626
814-949-2900

Licensed by the
PA Department
of Banking.

Preparation is the key when beginning the mortgage process. Before going to see your mortgage broker, it would be helpful to prepare some documents and history to make the meeting efficient and effective. We at Infinity Mortgage Company have prepared this simple checklist that will help you to prepare for your mortgage conference. The more information you can provide your mortgage broker, the faster you can get the capital you need to purchase the home of your dreams!

Print this handy checklist and use it to make sure you've got everything you need to complete the loan application process.

1. Your Primary Income
Let your lender know you won't need to win the lottery to pay back your loan. Use these as proof of your employment, and your income.

Your last year-to-date pay check stub.
Your W-2 forms for the last two years - or
Your complete personal tax returns for the last two years if you're self-employed or earn commission.
The name(s), address(es) and phone number(s) of your employers during the last two years commission.

2. Your Other Income
Give your lender an idea of any other source of income you have, like:

Interest or dividends from savings accounts
Pension income
Social Security payments
Self-employment, partnership in a business, or commission earnings
Alimony, child support, or separation maintenance Income from rental property
Any statements, account numbers, or formal paperwork that refer to the income

3. Your Assets
Letting your lender know about these types of assets can help your cause tremendously:

Checking account balances
Savings account balances
Cash Deposit (CD) accounts
Money Market funds
Mutual funds
Brokerage accounts IRA and 401(k) accounts
Your two most recent, consecutive statements for the asset accounts listed

4. Your Outstanding Debts
Account for the debts you pay for consistently each month, aside from housing costs.

In most cases, all debts that need to be listed are on the credit report that will be pulled by your loan officer.
Be prepared to tell your loan officer of any alimony or child support or separation maintenance that you pay.
Any debts paid to credit unions that may not report through the three main credit bureaus.