After you complete your application, the mortgage lender will review your information in order to assess the risk involved with your particular loan situation. In most cases, the lender will then prepare the necessary documentation to process the loan and satisfy government regulations.
Upon pre-approval, you will be presented with a short list of documents you will need to provide to process your loan. These items will primarily include verification of your income and perhaps a request for W-2s, income tax returns, or similar information.
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