Bank Statement Loan Explained Have you heard of a Bank Statement Mortgage? Most mortgage loans require bank statements to verify sufficient funds to close on a transaction. A complete bank statement provides third-party verification that the applicant has enough funds for a down payment, related closing costs and cash reserves all belonging to the […]
Whether it’s applying online, meeting a loan officer face-to-face, or having a conversation over the phone about a new home loan application, your mortgage lender will ask for documentation before underwriting the file. Because mortgage lenders follow the same basic lending guidelines they all ask for the same basic set of information. Sometimes though you […]
When submitting a loan application to buy and finance a home or to get a preapproval letter before shopping for one, the lenders review your application and supporting documents, including your bank statements. Supporting Documentation There are multiple things lenders need to review but among the most important are your income and employment, your credit […]
We provide extensive advice here on our website that helps our clients successfully buy and finance their home. From tips on various loan programs to how credit works to properly documenting a file and more, we turn our expertise into a knowledge base for you to tap into whenever you want. But there are some […]
Sign up to receive the latest from C2 Financial Home Loans
