buyers_info

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Buyers/Borrowers Information Pack

Balance Sheet



Fixed Expenses

Rent $__________________________

Phone $_________________________

Utilities $________________________

Internet $________________________

Cable/Satellite $___________________

Health Insurance $_________________

Auto Insurance $__________________

Electrical/Natural gas $_____________

Trash $__________________________

Food $__________________________

Car payment $____________________



Non-Fixed Expenses

(Entertainment, dining out, movies, etc…)

$_______________



TOTAL $____________________



PG.1 BBIP 018 01/01/07

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Documents needed from buyer/borrower for loan

process (full document loan)



_________1. W2 Statements for LAST 2 YEARS for all borrowers



_________2. Paycheck stubs for the LAST 30 DAYS (must have Y-T-D figures),

all borrowers



_________ 3. Statements for the LAST 2 MONTHS from any assets used to

qualify for the loan including: Checking Account, Savings Account, Profit Sharing,

401K, IRA, or any other assets available



_________4. Evidence of any additional income, if necessary to qualify (i.e., child

support, social security, rental lease agreements with cancelled checks, etc.)



_________5. Mortgage and/or Rental History:

a. Credit report showing previous 12 months Mortgage History OR

b. Twelve months of canceled Rent Checks, OR

c. Verification of Rental (VOR) from 3rd Party Property Management

d. If rental, need name, number, address for Current Landlord





IF FULL DOCUMENT SELF-EMPLOYED BORROWER:





_________1. Copy of Business License, Proof of Corporation or Partnership

(Proof of Two Years of Self Employment)



_________ 2. Last two-year’s signed personal & business tax returns with all

schedules

c. POSSIBLE REQUIREMENT - Financial statements, including Balance Sheet

and P&L or Income Statement (not older than 90 days signed by CPA and

borrower)









PG.2 BBIP 018 01/01/07


About
Hello - I am one of the managing partners at MHHS. I helped start this company in 2006 with the idea of providing straight forward real estate solutions for a diverse group of clients. Since our inception we have done exactly (More...)

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