When applying for a mortgage, there are multiple aspects of your life that need to be proven to the mortgage lender to show your reliability. The most common way of doing this is by providing official documents relating to topics that lenders want to know about. W-2 forms, pay stubs, proof of reserves and bank statements work well to acknowledge different financial aspects while proper identification documentation proves you are – in fact – who you are claiming to be.
- A great way to decrease your stress when applying for a mortgage is to ensure that you have all the documents you may need on hand before you start the application process.
- These pay stubs show the lender what you are making now, and help further fill out your financial picture.
- Looking through your bank statements allows the lender to get a good idea of how much comes in and goes out of your bank accounts .
“Buying a house is an exciting time, but applying for a mortgage can be stressful.”
Alliance Credit Counseling
8000 Corporate Center Dr Suite 114
Charlotte, NC 28226
(704-341-1010) / (704-341-1010)
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