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Step 6: The Loan Process

The lender will want to know about you and the property before deciding to lend you the money for your home. During the loan process, the lender will ask you a variety of questions and will verify your answers.

They will look at copies of your:

  • W-2’s
  • Paystubs
  • Recent bank statements
  • Credit report
  • Outstanding debt

Other questions may need to be answered with additional documentation.

An appraisal will answer questions about the value of your new property.

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