The mortgage approval process is not quick and easy. You will be required to submit detailed information about your personal financial history and these records will be scrutinized by lenders. Oftentimes, people have trouble locating the necessary documentation in the first place and that delays the overall process. If you're looking to purchase a home, it's a good idea to start gathering the necessary personal financial documentation as soon as possible. Then, when you meet with your mortgage broker or bank representative, you have the information ready to go.
In order to assist with your documentation gathering, here is a general list of what you'll need:
While you may not need to provide all of the documentation outlined here, the more you have the better. Worst case you won't need it, and best case you have it ready as soon as it's needed in the process. We hope this information helps you!