Monday, October 3, 2011 - Article by: North Star Bank - First National Bank Southwest -
WHAT IS IT GOING TO TAKE TO QUALIFY FOR A LOAN?
The federal goverment wants a two year window of everything finacial you have done in order to qualify for a loan now a days. No more stating the obvious, now you have to prove it.
Taxes, W2's, Paystubs, Bank Statements, Assets Residential & Employment History, uts all there. A litmus test if you will on paying back a mortgage. Be realistic and honest and your journey through financing just got shorter. The Fed's just want it all, staying compliant don't you know. So the next time you get a little ancy about applying for a loan do your homework, not every company associated with real estate is a like. Listem to your freinds, family, and neighbors, the most important compliment any one can recieve is to be referred by someone who has had success.
Save everything you can, you are going to need it. Understand that you had it all along.
Happy Hunting!
Cheers.
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