During the loan process, lenders evaluate your overall financial suitability for a loan. Part of this involves evaluating your assets, which is anything of value that you own. The major items to list include:
- Cash: the sum of all the money in your various bank accounts
- Marketable Securities: generally stocks and bond accounts, anything that can be liquidated quickly on the open public market, excluding your 401K, IRA or other retirement accounts
- Non Marketable Securities: includes private securities and government issued bonds
- Primary Home: current value of your primary residence
- Other Real Estate: second homes, vacation homes, investment properties or other real estate you own
- Car/Vehicle: While the value of a car does depreciate over time, it does have value and can be listed as an asset
- Retirement Accounts: 401K, IRA or other retirement accounts
- Partnerships & Proprietorship Interests: share value of any business you own or partially own
If you're planning to get a loan, take the time now to add your assets to our financial planning sheet.
Financial Worksheet
Sheet1 Click file and make a copy to use this template
Total,Monthly,Annually
Debt to Income Ratio,Total Cash,Emergency Fund,Down Payment,FHA Loan,Traditional Loan,FHA Loan,Traditional Loan,FHA Loan,Traditional Loan
Self,$0,$0
Co-Purchaser,$0,$0
Total,$0,$0
PMI
Home Insurance
Property Taxes
Tota...
