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Today, I want to discuss documenting your mortgage. If you don't, you may get in trouble with the mortgage police!
Today, I want to discuss documenting your mortgage. If you don't, you may get in trouble with the mortgage police!
Tightening regulations are making the mortgage process more complicated than ever. Deadlines for signing your loan documents, ordering the appraisal, and getting the file into underwriting are now actually contained in the sales contract.
Guidelines now dictate that YOU are responsible for how smoothly the process will go. This makes it critical that you provide all required documentation to your lending team with plenty of time to spare. The fact of the matter is, the mortgage process is intrusive, as all of your financial information is needed in order to get approved for a loan.
Since the mortgage process isn't known as a fun one, it's crucial that you do all you can to make it go as smooth as possible. When we request every document that you've signed in the last 24 months, provide it with a smile! W-2s, tax returns, bank statements, and identification are only a handful of the documents we'll ask for!
The faster we can provide you, your agent, and your attorney with the coveted document we call a Clear to Close, the better! Give us a call if you have any questions about this process, we're always available to help!
