Asset Documentation

Here's a list of the information that needs to be provided for a conventional loan when a borrower has to show that they have sufficient assets.  This is taken directly from the Fannie Mae guidelines:

Copies of bank statements or investment portfolio statements. The statements must cover account activity for the most recent two-month period (or, if account information is reported on a quarterly basis, for the most recent quarter). The statements must:

• clearly identify the borrower as the account holder
• include the account number
• include the time period covered by the statement
• include all deposits and withdrawal transactions (for depository accounts)
• include all purchase and sale transactions (for financial portfolio accounts)
• include the ending account balance 

Online printouts are not acceptable unless they contain all of this information, in addition to the name of the bank.

Getting a loan approved is easy - if you know what to do.  The Mortgage Experts know what to do!!!

Make sure you check out our web site:

www.mtgsupportservices.com

By the way, don't forget to refinance your current mortgage.  Rates are very, very low right now.  Don't miss out!  Call us today to get the details for your particular situation.

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