How to get Preapproved For A Home Loan | Documents Needed for Mortgage
How to get Preapproved For A Home Loan | Documents Needed for Mortgage
Verify your mortgage eligibility (May 17th, 2024)If you are buying a home there are a bunch of documents you need to gather for a lender to review. In today’s video we are chatting about What Documents Do I Need For A Home Loan
Getting a mortgage today requires more paperwork than it did in 2007. In the years prior to the Great Recession, it was easy to get a mortgage. I like to call it the wild west…Lenders offered loans to borrowers with just a statement like, “yeah I make $150,000 a year”.
1. Tax returns
2. Pay stubs, W-2s or other proof of income
3. Bank statements and other assets
4. Credit history
5. Gift letters
6. Photo ID