The Marquee Loop: The Loan Process
The loan process simplified:
Most borrowers today are under the impression that the loan process is time consuming, tedious, invasive, and that certain documentation is unnecessary.
Actually, if working with an experienced lender the process can be quick, streamlined and rather simple. Other loans that are called Non Q M (Non Qualified Mortgage) have almost no documentation required.
Below is a list of typical documents any borrower would need for standard loan approval:
- Driver’s License
- Two recent paystubs and most recent years W2
- If self-employed, most recent year tax return
- Two recent bank statements
*Marquee Mortgage LLC, is an independent, full service broker specializing in purchase money loans, refinances and creative lending solutions.