Mortgage Process

I feel like during the mortgage process I am learning more about myself and my husband than ever before.



Not in the sense of what could we handle in terms of stress or hidden traits that we are spontaneously sharing with each other, but all of our financial history. We have been rummaging through old tax forms, previous HUD-1 forms (proof that we sold our last house), and all of these other documents that we need to have emailed/faxed to our lender.

Note to future first time buyers: Make sure that you have access to the following to fax/email:

• Previous bank statement
• Proof of down payment (could be in the above bank statement)
• Last year’s W-2s
• Last two pay stubs (for both applicants if you’re married)
• HUD-1 (not applicable for first time buyers, but this is proof of sale of your previous home)
• Driver’s License
• Proof of Earnest Money being deposited at law firm (or with agent if you’re not doing for sale by owner)
• University Enrollment Verification (we got ours from our the national student clearing house through our university)
• An explanation of any new credit cards or credit checks (we had gotten mortgage quotes from 2 other lenders and they had run credit checks and this showed up on our lender’s credit check)

Question: Anything missing here?