Planning List for your loan qualification meeting with Karen Bailey of Karen Bailey

Planning Checklist Use this checklist to ensure that you don’t forget anything important!
Employment Information	W-2's for 1999 and 2000 Copy of your most recent paystub covering a 30 day time period. Name, address, phone number, and human resource contact for the past 24 months. New position? Copy of offer letter or employment contract.	Providing this information will mean that we don’t have to wait for somebody to take time to mail a form and wait for somebody to complete and return a form.
Are You Self Employed or, Commissioned?	Federal Tax Returns (all pages) for the last 2 years. Year-to-date profit and loss statement. Name, address & phone number of your Accountant. (You are "self-employed" if you own more than 25% of the business or corporation.)	Since you are self employed, the only way to confirm your income is by providing tax returns.
Do You Receive Income From Capital Gains?	Federal Tax Returns (all pages) for the last 3 years.	Underwriting guidelines require a 3 year history to rely upon Capital Gains as income to support your loan request.
Where do you park your money? Checking, Savings, Mutual Funds, Stocks, Bonds, Etc.	All pages of statements from these accounts for the past 3 months. (Consecutive statements) Account number, name and phone number or your financial advisor. IRA, 401-K, and other retirement accounts are included.	It is important to document your savings & investment accounts. Providing statements means that we don’t have to wait for someone at a bank to complete and return a form. Plus, most banks charge a fee to complete a form.
Are You Separated or, Divorced?	Copy of Separation Agreement - Signed. Copy of Recorded Divorce Decree.	May Be considered - Additional Debt Obligation.
Real Estate Info	Offer To Purchase & Sales Contract Copy of "Feature Sheet" or MLS Data Sheet	Necessary to confirm details about your transaction.
Do You Own Any Rental Property?	Copy of your current Lease on the property. If you do not have a current lease, you can provide the last 2 years tax returns (all pages).	It is important to indicate how much rental income is available from your rental property to offset any mortgage expense.
Personal Information	2 Year Residential History - Where you have lived for 24 months. 2 Year Employment History - Where you have been employed. Marital Status, Age, Number of Children, Estimated value of cars & other personal property. Years of Education.	The actual loan application requires insight into these personal details.