At Absolute Mortgage in Issaquah we're all about educating our clients so they can make informed decisions when it comes to the financing of their home.
Here are Mortgage DOs and DON'Ts to follow during your loan process.
Keep All Records in Good Order.
- Availability - Keep your financial records close at hand in case updates are requested.
- Income – Be aware that underwriters typically verify your income and tax documents through your employer(s), CPA, and/or IRS tax transcripts. Hold onto new paystubs as received.
- Assets – Continue saving incoming account statements. Keep all numbered pages of each statement. Ex. 8 of 8.
- Gifts – If you're receiving any gift money from relatives, they'll need to sign a gift letter