The Real Estate Encyclopedia
How Does The Lender Confirm My Assets?
Category - Home Buying Questions - General Home Buying FAQ's

To confirm the borrower’s assets, the lender will require statements from checking, savings, stocks, bonds, retirement accounts and money market accounts.  They will also verify the ownership of real estate, automobiles, household goods, collections and other cash or property of value.

 

The borrower will also be asked to disclose liabilities such as car payments, mortgage or rent payments, credit card debt, student loans, alimony or child support, and any other debt. 

 
Category(s)
Mortgage Questions - Mortgage Loans FAQ's
Home Buying Questions - General Home Buying FAQ's
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