Questions & Answers
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We've compiled a list of common questions we've encountered in the loan application and home buying experience. If you have any other questions of your own, please contact us today.
What is a full documented loan?
Both income and assets are disclosed and verified, and income is used in determining the applicant's ability to repay the mortgage. Formal verification requires the borrower's employer to verify employment and the borrower's bank to verify deposits. Alternative documentation, designed to save time, accepts copies of the borrower's original bank statements, W-2s and paycheck stubs.