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News Flash: The Mortgage Process can be Annoying
The Mortgage Process can be annoying, bottom line. There is a lot of documents needed and some may seem redundant. It is important to know the process can be frustrating and to prepare yourself for it. I pride myself on making the process as easy as possible for my clients and reduce the amount of stress. But I still want to go over the documents needed for your mortgage, that may cause some frustration. Here is a list of the items I believe may cause frustration and explanation on why they are needed:
1. Complete Bank Statements- You will need to provide the Last 2mths bank statements and all the pages of the statement. Even thou you may have your money for closing in the account, you will need to provide the full statement(s). An online transaction history of the account or a print screen, will not be acceptable. This is because the underwriter wants to see that you have had your money needed for closing for the last 60 days or where it came from.
2. Large Deposits- Any large deposit you have in your bank accounts has to be documented on where it came from. You just having ... more
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