Organize Your Home Equity Loan Paperwork

Gathering the paperwork you’ll need for the application process can be a tedious job. Just the thought of digging though filing cabinets to find last year’s W2 seems like something better left for tomorrow.

But after you’ve decided you’re ready to get an equity loan, you don’t want snags that can slow down the process. Don’t let a missing W2 keep you from a smooth loan process.

Use this checklist to organize your paperwork before you apply for a loan. It may be a boring task today, but it’s better than a stressful ordeal tomorrow.

  • W2 earnings statements or 1099 DIV income statements for the last two years
  • Federal tax returns for the last two years
  • Bank statements for the last few months
  • Recent paycheck stubs
  • Proof of other income, such as tips, Social Security payments, etc.
  • Proof of investment income

You may be asked for additional documentation, but having these documents will surely speed up your application.

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