Documents Required for Mortgage Loan
- Salaried individuals.
- Latest Salary Slips.
- Bank account statements of the previous 3 months.
- PAN card/Aadhaar card.
- Address proof.
- Copy of the documents of the property to be mortgaged.
- IT returns.
- Self-employed individuals.
Accordingly, do we need to submit original documents for loan against property?
Axis Bank provides Loan Against Property for salaried employees, self-employed individuals and self-employed professionals.
|Passport||PAN Card||Aadhaar Card with DOB|
|Driving License||Birth Certificate||SSC Marksheet|
Generally, lenders will require the following supporting paperwork to accompany your mortgage application: Proof of identity. Proof of address. Payslips.
People also ask, how do I find mortgage documents?
Go to the county recorder’s office or local courthouse to find recorded mortgages. In states such as California, deeds, liens, mortgage documents and various types of land documents are available for review in the recorder’s office. Check with the tax assessor or other municipal office where you live for more details.
How do you send documents to a mortgage?
If you need to use email to send documents, please reach out to your Loan Officer. They can send you a secure email link that will protect you and your personal documents. Of course, the safest way to provide your lender with financial documents is to hand deliver them to your loan officer in person.
How many bank statements do I need for a mortgage?
How many months of bank statements do I need for a mortgage?
How many bank statements do I need for a mortgage? Mortgage lenders typically want to see the past two months’ worth of bank statements.
What are closing documents for mortgage?
The following documents are typically required for closing a home loan:
- Title documents. …
- Closing disclosure (CD) …
- Mortgage note. …
- The mortgage / deed of trust. …
- Power of Attorney. …
- Closing instructions. …
- Homeowners insurance.
What are mortgage documents?
The Mortgage or Deed of Trust is a legal document in which the borrower transfers the title to a third party (trustee) to hold as security for the lender. … By signing this document, you are giving the lender the right to take back the property should you fail to repay your loan as agreed.
What are the property documents?
Here is an important checklist of property documents you need to have a look at!
- Sale Deed: …
- RTC Extracts: …
- Khata Certificate and Extracts: …
- Mutation Register Extracts: …
- Joint Development Agreement: …
- General Power of Attorney: …
- NOC: …
- Ratification Deed:
What two documents make up a mortgage loan?
The loan transaction consists of two main documents: the mortgage (or deed of trust) and a promissory note. The mortgage or deed of trust is the document that pledges the property as security for the debt and permits a lender to foreclosure if you fail to make the monthly payments.