Explain How Your Business Works
Be ready to describe your work, how you are paid, and any seasonal changes. Ask the lender which records are relevant to your situation. Self-employed or irregular income can require more extensive documentation.
Request a Specific Document List
Requirements differ by lender and loan type. Obtain a current list before gathering records and use the approved secure channel when it is time to provide them. Keep copies up to date as the process continues.
Ask About the Review
A conversation is the place to understand the process, not to assume a particular program will fit.
- What time period and records will be reviewed?
- How should I explain changes in my business or income?
- If we discuss a bank-statement option, what other documentation and qualifications apply?
Further reading: CFPB: Gather and update your paperwork
General educational information, not an offer or individual financial advice. Loan availability and qualification vary.
Talk Through Your Questions.
Connect with Keith about your plans and the next useful step.
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