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Bank statements are one of the most common documents requested during a mortgage, and they also cause a lot of confusion. Many buyers worry lenders are scrutinizing how they spend money, but that is not what is happening. The goal is simple. Lenders are verifying that funds used for the purchase are legitimate, available, and stable. Here is what we actually look for. Verifying Funds Are Real and Available Bank statements confirm that the money needed for a down payment, clos

When people think about mortgage delays, they usually blame rates, appraisals, or underwriting. In reality, one of the most common causes is much simpler. Paystubs. They seem straightforward, but small issues with paystubs can slow a loan down quickly if they are not handled correctly. Why Paystubs Matter So Much Paystubs are how lenders verify that income is current, accurate, and consistent. They tie together employment, pay rate, and earnings, which makes them one of the m

Not all pre-approvals mean the same thing. In today’s market, a fully pre-approved buyer is someone whose file has been reviewed carefully and intentionally, not just run through a system. Before I ever use the words “fully pre-approved,” there are several things I want to understand clearly. This process protects the buyer, the offer, and the transaction as a whole. Income Has Been Reviewed, Not Assumed One of the first things I look at is income. This goes beyond simply ent