the new black,,,,

got this tidbit from downtown loft la..

The day of the pre-qualification is over. It's now PRE-APPROVAL or nothing.

30 days worth of paystubs
2 yrs W-2s
2 yrs full tax returns and corporate returns for self-employed borrowers (all schedules and all pages if applicable)
2 months bank stmts for all accounts holding money for down payment, closing costs, and reserves (all pages for every statement)

this is so true....