Getting a Calabasas Loan

January 31st, 2009 by admin

Proof of Income

Not long ago, those applying for Calabasas mortgages would go through the extensive application process and think there couldn’t possibly be any more paperwork to complete. However, now that lenders have upped the ante, applicants are required to do even more extensive work. For instance, it used to be good enough to state your income on the application. Now, most lenders will also require solid proof of how much money you make in order to secure Calabasas loans.

Applicants looking to breeze through a no-documentation loan may want to reconsider their options because loans with little or no documentation are very rare. Before applying with a lender, make sure you have copies of all your tax returns in recent years as well as copies of your pay stubs, in order. The last thing you want to have to do is scurry around looking for missing paperwork while your dream house in Calabasas is on the market.

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