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Documentation for loan pre-approval

BayHouse Credit Forum: Real Estate: Documentation for loan pre-approval
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suzanne (Suzannel)

Thursday, September 21, 2000 - 06:17 am Click here to edit this post
When going through pre-approval, does anyone know if you usually have to wait for the lender to confirm the information provided via paycheck stubs, bank account statements, etc. or does that usually only happen at the time of actual application?

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Christine Baker (Admin)

Thursday, September 21, 2000 - 05:29 pm Click here to edit this post
Everything has to be verified. It's very important that the lender/broker sees the actual verifications so they use the correct income.

There are varying rules on HOW income is calculated, depending on the type of income.


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