The lender will need some information from you in order to complete the pre-approval process. This may include, but not be limited to, the following:
a) All sources of monthly income such as salary, overtime, bonuses, commission, dividends, interest, retirement and any other income you’d like to considered;
b) Current expenses, including housing, alimony, child support and other balances owed (such as car payments, credit cards and student loans);
c) Real estate owned: property address, market value, outstanding liens, rental income and mortgage payments;
d) Other assets: funds in banks and financial institutions, stocks and bonds, mutual funds, life insurance policies, vehicles and other personal items of value.