I remember very well when we got ready to do the mortgage application there was a lot of documentation required. Documents required are proof of income – pay stubs, copy of income tax forms as well as W-2, bank statements, proof of social security number and date of birth, any documentation regarding personal property owned such as autos, furniture and life insurance. They will also ask you about the creditors who you owe money to and how much. I must admit in the beginning dealing with all the paperwork is work in itself and could be discouraging. However, if you are serious about home ownership this is just the beginning of the process. In the end, it is well worth it.
