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What Are Supporting Documetns And Why Are They Needed
Dated: December 1 2014
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.
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....