Taking care of bank statements-and all account statements-both early and late in the bankruptcy process, is a key to have your bankruptcy case go smoothly. Bankruptcy and bank statements: Update-there’s now a charge. Filed a bankruptcy case for some folks last week who had SIXTEEN bank.
If the money has been in the account for a couple months, they assume that it belongs to you, as any loans you took out beyond the 2-month time span will have already shown up on your credit report. If any large, unexplained deposits appear on the bank statements you provide, you’ll need to be able to prove they came from an acceptable source.
I’ve read on this forum that Halifax don’t generally require bank statements for a mortgage application. However, on my recent application as part of the docs my mortgage broker asked for prior to even submitting it, he asked for 3 months statements.
The rules that govern fha home loans says all documents must be, in general, no older than 120 days. The lender’s standards may apply in such cases-will the lender require more bank statements in order to review patterns of credit activity? It depends on the lender.
Bank statements also further verify your regular income and periodic payments made to your creditors each month. Bank statement mortgages help self-employed business owners and. an existing mortgage using personal and business bank statements instead of tax returns.. 12 months of personal and 24 months of business bank statements; Expense.
Anyway we’ve seen a house we want to buy so my question is have we got any chance of getting a mortgage now or should we wait 3 months to have squeaky clean bank statements but risk loosing the house? I’ve spoken to a mortgage advisor and when he asked when we spent each week on treats, I said £50 but it’s actually like £100.
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Typically 2 months of bank statements are required. I would double check with your mortgage professional on this. Electronic PDF copies should be fine but your mortgage professional would be able to verify that.
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