What You’ll Need
To complete your prequalification form, you may need the following information:
Property information
- Address
- Current value
Employment and income data
- Monthly income
- W-2 tax forms
- 1040 tax forms if self-employed
- Supplemental income (rental income, etc.)
Assets
- Bank account statements
- Investment account statements
- Retirement account statements
- Supplemental income (rental income, etc.)
Liabilities
- Latest mortgage statement
- Monthly debts (car loans, credit cards, etc.)
Free Credit Reports
Federal laws now mandate that every consumer is entitled to a free credit report once every 12 months from each of the nationwide credit reporting bureaus: Experian, TransUnion and Equifax. Eligibility for the credit report is determined by state of residence on a rollout schedule set by federal law. To get your credit report go to: https://www.annualcreditreport.com
A credit file disclosure provides you with all of the information in your credit file maintained by a consumer reporting company that could be provided by the consumer reporting company in a consumer report about you to a third party, such as a lender. A credit file disclosure also includes a record of everyone who has received a consumer report about you from the consumer reporting company within a certain period of time (“inquiries”).