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PERSONAL FINANCIAL STATEMENT AS OF Date SUBMITTED TO: COMMERCIAL MORTGAGE DEPOT PERSONAL INFORMATION APPLICANT (NAME) APPLICANT (NAME) Employer Address of Employer Address of Employer Business Phone
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How to fill out personal financial statement:

01
Begin by gathering all the necessary financial information. This includes details about your assets, liabilities, income, and expenses.
02
Calculate your assets, which can include your cash, investments, real estate, vehicles, retirement accounts, and any other valuable possessions.
03
Calculate your liabilities, which may include mortgage payments, student loans, credit card debts, and any other outstanding loans or debts.
04
Determine your income by considering your salary, wages, bonuses, rental income, and any other sources of regular income. Include both pre-tax and post-tax amounts.
05
List your monthly expenses, such as rent or mortgage payments, utility bills, insurance premiums, transportation costs, groceries, and any other recurring expenses.
06
Subtract your total liabilities and expenses from your total assets to determine your net worth.
07
Organize all the information and fill out the personal financial statement form, usually provided by your bank or lender. Make sure to be accurate and thorough in your responses.
08
Review the completed statement to ensure all the information is accurate and up-to-date.
09
Keep a copy of the personal financial statement for your records and provide a copy to any relevant parties as required.

Who needs personal financial statements:

01
Individuals applying for loans from financial institutions, such as mortgages, personal loans, or business loans.
02
Individuals seeking to invest or partner in a business venture, as potential investors or partners may request personal financial statements.
03
Entrepreneurs and small business owners who may need personal financial statements when applying for business financing or seeking partnerships.
04
Individuals going through divorce proceedings, as personal financial statements may be required to determine asset division or spousal support.
05
Professionals in the finance industry, such as financial advisors or accountants, who may require personal financial statements from their clients to provide holistic financial planning or tax services.
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A personal financial statement is a document that outlines an individual's financial situation at a specific point in time.
Individuals who hold public office or are in positions of authority may be required to file personal financial statements as a way to ensure transparency and prevent conflicts of interest.
To fill out a personal financial statement, one must gather information about assets, liabilities, income, and expenses, and then document these details accurately on the form provided.
The purpose of a personal financial statement is to provide a snapshot of an individual's financial health, assets, and liabilities, which can be used for decision-making, loan applications, or other financial planning purposes.
Information that must be reported on a personal financial statement includes assets such as cash, investments, real estate, personal property, liabilities such as debts, mortgages, and loans, as well as income and expenses.
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