Assuming you have the qualifications, your level of organization is what will make or break your mortgage approval. Expect your lender to pick through every number on your application, and be ready to provide supporting documentation. You can expedite this process by gathering your essential paperwork before submitting the application, including:
* Three years' of tax returns
* Pay stubs for the current year
* Recent utility bills (to verify your address)
* Three months' of bank statements
* Statements for all credit accounts and loans
* Documentation of divorce and/or child support benefits or obligations
* Social Security card
If you can't get a mortgage approval, it may be because you don't make enough money, you owe too much money, or you can't document your income or assets. The solution? There's only one: wait it out. Maybe a little Van Halen can help you pass the time.
