One of the things needed when you are starting the loan process is your income verification. Usually, lenders will ask for one month of paystubs, and your last 2 years W2 forms. If you are self-employed, you may need to provide the full tax returns for the last 2 years.Along with income documents, you may need to show proof of assests. If you're on fixed income you may need to show the award letter and bank statments showing the deposits of the income.
There are no secrets in the industry anymore, the internet has all the information a consumer could ever want to know...My advise to someone beginning the process is to do research...This will be the largest investment in your life, make a smart well informed decision by taking responsibility for knowing what you're getting into from beginning to end...Unless you do this often, it can be like drinking from a firehose...