Why all this paperwork…?

Here at Fairway, we strive to make the home financing process as simple as possible by providing you with the right resources. You may find the following document checklist helpful in preparing for your pre-approval* and full loan application, and understanding why all this paperwork is necessary.

The reason for all of the paperwork and review of your financials and credit is so lenders can ensure that you can afford to pay your mortgage over the life of the loan. Depending on your closing date and the length of the purchase process, some of these documents may need to up-dated more than once to ensure they still accurately reflect your financial position. For self-employed borrowers, there may be additional documentation involved to verify your income.

Here  is a list of the basic documents you will be asked to provide, and a separate list for self-employed borrowers. Again, based on your circumstances, and the timing of the closing, you may be asked to provide additional or updated documents throughout the process. The best thing you can do is keep an eye out for requests from your lender, and provide documents as quickly as possible.

We are here to answer any questions or issue pre-approvals anytime-