You will need to
be able to prove any personal assets that may help in
obtaining your home loan. Personal assets are any items listed below.
Your lender may require other asset information from you that's not
listed here. However, if you have the following items available for
your lender, it will save you time and frustration. Lenders consider
the following as assets that need to be documented:
Title to vehicle(s)
If you are receiving a monetary gift from a relative you will need a
letter from your relative confirming this.
Bank statements for the last three months, which include account names,
addresses, account numbers and balances for the following:
- Checking accounts
- Savings accounts
- Credit unions
- Mutual Fund accounts
- IRA, 401(k) accounts
- Security accounts
(stocks, bonds and life insurance)
reading the next section for a detailed list of "Other
Documentation" information that will help you prepared
for a California Mortgage Loan!
Use our quote
form, a mortgage feature on California Mortgage & Home Equity
Loans, Co. to locate a lender in your area offering the mortgage
product that best suits your needs. The independent lender you select
will work with you to help find a low-cost mortgage that meets your
needs. Apply today!