Verification of Income
Full Documentation:
___ Earnings statements: last two years W-2 forms, last two recent pay stubs
(within 30 days).
___ Additional income: social security, veteran's benefits, etc. will
require a current award letter along with proof that the source of income
will continue for three years and a bank statement if direct deposited to
verify receipt. Interest income, rents received and such can be verified in
a few different ways, which should be discussed with your New Century Mortgage Mortgage
Consultant.
Verification of Your Assets and Debts
Assets:
___ List of bank account numbers, the address of your bank branch.
___ List of savings bonds, stocks, 401K or other investments and their
approximate market values.
Debts:
___ Other debts that are not noted on your credit report, such as car loans,
furniture loans, student loans and other personal and cosigned installment
loans with creditor addresses and phone numbers.
___ Statements for all mortgages or deeds of trust securing real property
which includes an account number and customer service phone number.
___ Alimony or child support payments, which you are required to make, if
not directly deducted from your pay.
Miscellaneous:
___ If no established credit history, supply canceled checks for rent,
utilities and other recurring obligations to show payment history and amount
of revolving debt.
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