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Pay stubs from at least the past 30 days. Tax returns (including W-2s) from the past two years. Bank statements from the past two months to three months – checking, savings, money market accounts
In an increasingly paperless world, getting a mortgage involves more paperwork -- even if some documents are actually electronic -- than ever before. About a decade ago, many lenders didn't do as ...
The note documents the promise you made to your mortgage lender to pay back the loan. It includes details about the home as well as the terms of the loan, including repayment. Deed
In the United States, full documentation loan refers to a loan where all income and assets are documented. [1] It is typically referred to as a "full doc" loan in the mortgage industry and is a common type of loan used for financing a home purchase.
A closing disclosure is a legally-required, five-page statement of your final mortgage loan terms and closing costs. It contains details about your loan term, monthly payments, fees and other ...
A mortgage loan is a loan in which property or real estate is used as collateral. During this process, borrowers must submit various types of financial information and documentation to a mortgage lender, including tax returns, payment history, credit card information and bank balances. Mortgage lenders use this information to determine the type ...
A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. [ 1 ]
While you can discard monthly mortgage statements, it's important to keep all mortgage documents, such as the promissory note, deed of trust and proof of title insurance, for the life of the loan.
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