Mortgages Require Paperwork!

Mortgages require some paperwork. Collecting your financial records before applying can speed things up.

Lenders will request paperwork for your mortgage application that proves things like how much money you make and your debts. The exact forms you need for a home loan depend on your situation. For example, someone who is self-employed will likely have to provide different forms than someone who is employed by a company.

Most lenders ask for a HR letter if you are employed, and the last three or six months of bank account statements. You may also need other supporting documents if you are self-employed like recent commercial register and tax card, company establishment contract and audited financial statements. Any co-signers will need to provide the same records.

Becoming a homeowner is part of everyone’s dream.  Understanding how mortgages work and how yours will affect your financial health can help you manage and make the most of your mortgage.

Connect with a financial advisor today and know all about required documents

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