5 Things You Should Expect Your Mortgage Banker to Ask About

By Amy Patterson

1. Proof of incomemortgagebankerquestions

  • You will need pay stubs (showing at least 30 days)
  • If you have recently started a new job, your mortgage banker may ask you to provide letter from your employer confirming your salary

2. Debt

  • All of your debt – student loans, credit cards, cars and even store credit cards

3. Assets

  • Cash, cars, property and basically anything that is owned that can be sold or converted into cash

4. Down payment

  • While this will vary depending on what loan program you qualify for, (some loans require no down payment at all) it’s a good place for you and your mortgage banker to begin deciding what type of loan you want

5. Documentation 

  • Items like pay stubs, bank statements and identification documents are an important and necessary part of the mortgage process – for a complete list of needed documentation, ask your mortgage banker 


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