A mortgage application makes the case to the bank or lender that you are a good credit risk, and that you will repay the home loan as agreed. A number of the things the bank would like to take into account include how much money you make, how much you have on hand in the event of an interruption in cash flow, and how you have paid back other debts in the past. Most of this information comes from your credit track record, but a good portion of it will be shown by the documentation included in your Orlando home loan application.

Here is a list of the items you'll probably be asked for:

* Income Documentation - Your most current payroll check and W-2s from the past two years. In some cases you may be asked for copies of your tax returns, particularly if you are self employed or receive a large percentage of your compensation as commission or a bonus. If you acquire income from another source like social security, a pension, alimony, or child support you'll be asked to document that as well.

* Asset Documentation - Your two most recent statements for checking, savings, and investment accounts. This might include retirement accounts like an IRA, Roth IRA, or a 401k. Make sure you include all the pages of each statement, even those that read "this page intentionally left blank." That is the best way for those reviewing your application form to ascertain that there isn't any pertinent information on those pages. If you own any additional real estate you will also be asked for information on those properties.

* Identification - Your driver's license, social security card, and proof of immigration status (if applicable.)

* Loan Information - A copy of the purchase contract and earnest money deposit in the case of an acquisition. For a refinance the approximate loan amount to be paid back.

* Depending on your specific scenario you may be asked for additional documents, such as a divorce decree, separation papers, a gift letter if using gift funds to cover all or part of a down payment, a business license if independently employed, or an offer letter if starting up a new job.

Always provide copies rather than originals of all required documents when filling in your mortgage application. This will save you the trouble of having to wait for the original papers to be returned to you, and you can actually provide another copy in the event something is inadvertently misplaced.

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