After being pre-qualified and a lender has been chosen, what will a borrower need for a quick and easy approval?

To help the loan approval process go smoother it is always good to have as much financial and personal documents available as possible.

For example:

Past two year tax returns - W2's

Most recent bank statements - checking and savings accounts from all banking investors

Most recent pay-stubs - usually it is a copy of the last two month pay stubs for the borrower and co-borrower

401k and other retirement information - sometimes if the borrower has additional income from a pension or other retirement programs then an award letter will be needed to verify the provider and monthly income

Stocks

Bonds

Alimony

Child Support

Copies of any decrees or agreements relating to divorces or marital separations

Personal asset information - vehicles, house goods

All contact information - e-mail addresses, mailing address, phone numbers

Past employment information - addresses, phone numbers, names of contacts

Insurance provider - name of provider and contact information

Information about current mortgage - mainly for payoff purposes, a mortgage statement is usually all the lender will need

Social Security Numbers - this is important because the borrower.s social security numbers are needed to pull credit scores to see what loan program the borrower can qualify for

If the borrower has this information on hand there is very little left that may be needed. Every situation is different, but no deal is entirely impossible. Remember, there still may be additional information and documentation needed, just be prepared for anything. The borrower must trust their lender because they will be providing very intimate information, but just know that all of this information is needed to asses the borrower's financial status.