Mortgage information

Use the calculator below to quickly figure out monthly payments. Want to know what you'll need for your meeting with a lender, use the checklist provided.

I will be glad to answer your financing questions, help you evaluate your mortgage options or put you in touch with an experienced local lender to assist you in determining the best financing for you. If you have questions or would like a referral you can reach me at 630-730-8027 or by email.

 10 Things a Lender Needs From You
  
   1. W-2 forms or business tax return forms if you’re self-employed for the last two or three years for every person signing the loan.
  
   2. Copies of one or more months of pay stubs from every person signing the loan.
  
   3. Copies of two to four months of bank or credit union statements for both checking and savings accounts.
  
   4. Copies of personal tax forms for the last two to three years.
  
   5. Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, e.g., a boat, RV, or stocks or bonds not held in a brokerage account.
  
   6. Copies of your most recent 401(k) or other retirement account statement.
  
   7. Documentation to verify additional income, such as child support, pension, etc.
  
   8. Account numbers of all your credit cards and the amounts of any outstanding balances.
  
   9. Lender, loan number, and amount owed on other installment loans—student loans, car loans, etc.
  
   10. Addresses where you lived for the last five to seven years, with names of landlords, if appropriate.
  
   Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®Copyright 2005. All rights reserved.                        www.REALTOR.org/realtor