Reverse Mtg. Checklist

REVERSE MORTGAGE CHECKLIST

 

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My goal is to help you access the money you have available to you, through your home’s equity. To get the ball rolling, it’s important that you promptly provide the documents noted below, when we meet next.

 

Click here to print the following checklist

    PERSONAL INFORMATION

  • A copy of your Counseling certificate – signed by all parties

  • Loan Application & C.card Authorization – we can complete these together

  • Please have your  driver’s license AND social security card OR Passport on you, I’ll need take a picture of these items when we meet (for all borrowers)

  • A copy of your Trust (all pages needed for lender to review) – if applicable

    VERIFICATION OF INCOME

  •  Pay stubs for the last 30 days – for all borrowers

  • Tax Returns (Federal only) with all schedules – for the past 2yrs

  • W-2 and 1099 forms – for the past 2yrs

  • Additional income: S.Security award letter, pensions, veteran’s benefits, alimony, child support…etc.

      • IF SELF EMPLOYED, ALSO PROVIDE
      • K1’s – for the past 2yrs
      •  Business Tax Returns – for the past 2yrs
        HOME INFORMATION

      • 2mo. most recent bank statements-ALL pages (even the junk/back pages)

      • Most recent quarterly financial statements: i.e., Charles Schwab, Merrill Lynch…

      • Most recent quarterly investment statements: i.e., 401k, TSP

      • Most recent mortgage statement-for your current mortgage(s)

      • A copy of your current home insurance policy