Understanding Loan Documentation

When it comes to applying for a home mortgage loan, it’s not uncommon to feel overwhelmed or even lost with the amount of information, and with the documentation that is required. This blog post aims at explaining the documentation requirements to help ease the process for applicants.

It is very important to know what to expect and what to focus on. Lenders will want you to provide history of the following. Below is a summary of what the lender expects and how you can help yourself meet the documentation requirements.

  • Your employment
  • Your Monthly Income
  • Assets for down payment and costs
  • Your monthly expenses

Prepare with the following:

  • Paycheck stubs for the past 30 days at a minimum.
  • W2 forms and tax returns for the past two years.
  • Recent bank statements from all your accounts.

Click here to read to the full article.

Follow me or simply enter your email below to get notified every time I post a new article on my blog. Each blog post is full of valuable content and information to help new home buyers or investors understand the housing market, real estate topics and how to go about purchasing homes.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s