Obtaining a new home mortgage these days is difficult enough without the added hassle of paper work. In most cases, however, paperwork is exactly what will happen when a mortgage is given.
Trying to have all the particulars lined up is a key to a smooth transition into your new home.
Income
In most cases, your income and employment history are a key aspect in receiving a new home mortgage. In most cases your taxes will do but a letter verifying employment will definitely help the new home mortgage process along. Make sure your spouse or significant others records are available if their names are going to be even remotely associated with the new home mortgage. In many cases these records are not needed but having them available will reduce stress.
Savings
After the recent issues of sub-prime mortgages, lenders are a bit more concerned with how much savings you have in reserve. A home mortgage now requires a look at how many payments you can make if all potential income was lost. In most instances two payments are required. If your particular circumstance has be less-then-perfect, you may be required to demonstrate even more for your new home...
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