What information must I give to obtain a mortgage online?

Each online lender has different application requirements. A visit to Lend ingTree.com, one of the Internet’s better known lenders, for example, revealed a checklist of items to bring with you when you’re ready to sign up:
❑ Social Security Number of All Borrowers: Lenders use your social security number to access your credit record, which contains information about your income, debts, and credit payment history.
❑ Current Mailing Address and Number of Years You’ve Lived at This Address: This information will be compared against your credit record to determine if your rent or mortgage payments have been made on time each month.
❑ Property Type of the Home You Are Purchasing: Lenders need to know what type of home you are purchasing because your home becomes the collateral for your mortgage in the event that you default on the loan.
❑ Purchase Price, Down Payment Amount, and Amount You Wish to Finance: This combined information helps lenders determine the type of mortgage that may be best for your needs.
❑ Employment Information: Lenders normally like to see that you have been with the same employer for a few years, or at least in the same line of work, to demonstrate career stability.
❑ Total Monthly Income and Debt Payments: Your income and debt payments illustrate your debt-to-income ratio, which is the amount of money you owe each month compared to the amount of money you make. This ratio helps lenders understand your total financial situation.
❑ Total Liquid Assets: Lenders are interested in the amount and value of any assets you may have to help them judge your ability to make loan payments from available cash.