What Are Supporting Documetns And Why Are They Needed

Dated: 12/01/2014

Views: 190

 Applying for a mortgage isn't the samething as buying a car. 
 When applying for a mortgage, what you tell the Loan Officer is the basis of your mortgage approval. If you tell us you make $5,000 per month but your tax returns and paystubs show a difference, this causes a red-flag. If you're self-employed and you state on your application that you make $5,000 per month but your tax returns for the past two years show losses, this will raise a red-flag.
 It is extremely important that your mortgage application be as accurate as possible. Inaccuracies can and will cause delays. 

Blog author image

Danielle Sharp

Danielle is broker/owner of Sharp Homes Realty. A Detroit native, she escaped the cold, gray winters of Michigan in 2007. Community involvement has been a high priority while building a customer centr....

Want to Advertise on this Site?

Latest Blog Posts

Theres Strength In Numbers

Greater Pine Island Civic Association's Wilkinson discusses islands’ incorporationOn Aug. 5, the Florida Department of Health in Lee County advised residents there has been an increase in mosquito

Read More

Cape Coral Historical Museum

The Cape Coral Historical Museum offers three exhibit buildings and a historic rose garden, which is often one of the favorite aspects of the experience.The focus is on the history of the city, and

Read More

Cape Coral COVID19 Campaign

Big John masks up: Iconic statue has a new look for Cape Coral's COVID-19 campaignBig John carries a lot of weight in Cape Coral — 6,000 pounds of it, in fact.So when the 28-foot-tallâ€

Read More

NFM Elks Club Seeking Car Motorcycle Enthusiasts Vendors For Summer Fest

For the first time, the North Fort Myers Elk's Lodge 2742 will hold a three-day event open to the public, with numerous activities over Father's Day weekend.Summer Fest at the Elks will be held

Read More