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Your recent payslips are essential in giving banks accurate information about your current financial situation.  Here is everything you need to know about which types

When applying for a home loan, banks may require you to provide an explanation letter to clarify a credit issue in the past. If you

During a home loan application, your bank or non-bank lender will require you to submit documents that verify or describe your income and current financial situation.

To assess your creditworthiness, banks will request & verify your assets and liabilities. But what do banks consider as assets and liabilities? Assets may include

Your credit history, credit enquiries & repayment history determine your credit score, which is sometimes referred to as your credit rating. A credit report includes

The lending industry uses the term “genuine savings” to define borrower’s funds deposited over at least three months. It’s as simple as putting your deposit

Banks and lenders carefully verify various factors to determine your borrowing capacity when applying for a home loan, including your living expenses. When evaluating home

If you have applied for a home loan before, then income verification should be like clockwork. Download a few payslips, submit them to your mortgage