Before approving a mortgage, lenders require documentation in order to verify your identity and creditworthiness. Lenders want to see proof of income and assets, for example, to ensure you qualify for a loan.
If you’re getting ready to enter the housing market, there are many things to learn. However, there is always new information to absorb, even if you’re a veteran homeowner. After the reality many experienced in recent years, it’s good to have a primer on what happens if difficult times occur for you, a friend or loved one.