What is the Estimated Fair Market Value?
$ _____. What is the value of all financing now secured by your home? $ . IMPORTANT POINTS: *You do NOT need a co-borrower to apply for a mortgage. However, the additional income represented by a co-borrower may allow you to obtain a bigger mortgage. **If you own rental property, lenders will generally add back the depreciation deducted each year on such “improvements” such as a house, but not stoves, clothes washers, etc. ***You are NOT required to disclose the receipt of alimony, child support payments or separate maintenance to a lender. However, disclosure of the additional income represented by such payments may allow you to borrow a larger amount. You must disclose the payment of alimony, child support and separate maintenance. STEP 2: DEBTS The following chart will allow you to itemize current debts. Keep this information updated and available for lenders. (Note that by “monthly payment” lenders mean the minimum amount you are REQUIRED to pay each month. For instance, if you owe
