Mortgage Questions

 

Closing Costs
Application Information
Mortgage Estimator
Mortgage Terms

Learn the Terms

Our online glossary of mortgage terminology will make you a mortgage expert in no time!

Application Information

When you visit First Lenders to acquire about your mortgage,
we will need some information form you to expedite this process.

We have developed a check list of information that you will need.

1. Copies of most recent pay stubs (cannot be over 30 days)

2. Copies of past 2 years W-2 Forms (salaried). If you are self employed or commissioned, then you will need to provide 2 years tax returns including all pages and schedules.

3. Copies of most recent monthly statements for checking, savings, investment, 401K, IRA, etc.

4. Residency - A two year period of time must be covered. If you rent - names and addresses of landlord(s) and if you own a home, mortgage information such as account number, name and address of current lender.

5. Work History - A two year consecutive employment period with employer's name, address, and phone numbers

6. A list of all current debts/obligations - including account numbers, monthly payments and balances.

7. Exact address of the subject property; along with the legal description and approximate figures for homeowners insurance and property tax

8. Check for credit report ($53.00) and appraisal fee for the particular loan program being used.

FirstLenders Mortgage • University Building, Suite 200 • 85 Bagby Drive • Homewood, AL 35209 • (205) 942-9696 • (800) 309-5585