What documents do I need to provide for the mortgage application?

When applying for a mortgage with National City Mortgage, several essential documents are typically required to ensure a smooth application process. First, applicants will usually need to provide proof of income. This can include recent pay stubs, W-2 forms from the last two years, and sometimes tax returns. Self-employed individuals may need to furnish profit and loss statements along with additional tax documentation. Next, borrowers will often be required to present information about their assets. This includes bank statements from the last few months, investment account statements, and any other documentation related to significant assets. Additionally, it is important to include details about any existing debts, which may be demonstrated through statements for credit cards, auto loans, or student loans. Identification documents are another critical aspect. A valid government-issued photo ID, such as a passport or driver’s license, is standard. Furthermore, borrowers may need to provide information related to the specific property being financed, such as a purchase agreement or property listing. Those seeking to apply for a mortgage should also take a moment to review the specific requirements outlined on the National City Mortgage website, as these can vary based on individual circumstances and loan types.