• thecharmguide@gmail.com

Now that you have decided to apply for a loan, it becomes your responsibility to submit all the essential documents to the lender. This is how the lender will examine your case and accept your loan application, 

Let us start from the beginning. You have to purchase a house. What you do is take a US mortgage calculator and fill in the numbers. Once everything is done, you will get to know how much exactly you might have to spend. From your monthly EMIs to down payment, rate of interest, and other costs, everything will be there in front of your eyes. Once all the information is received, you will see which loan option will be suitable for you. Accordingly you will speak to the lender and the further procedure will take place. However, amidst all this one thing you need to keep in mind is the documents. Without proper documents, no procedure will be taking place. Chances are your loan application will be rejected. So what are these documenta? Why do you need to submit them to the lender? Confused enough? Do not worry. You have come to the right place.

In this piece of information, we have mentioned the essential documents you need to submit to the lender. Also, we will tell you why submitting these documents cannot be taken for granted. Hence, without demanding much of your time, let us get started

Important documents to be submitted to the lender

What is the point of entering the numbers in the mortgage loan calculator if you do not submit the documents to the lender? The lender needs to make sure that he/she is not at risk whatsoever. So before accepting the loan application, the lender will make sure that everything is verified. This is why they will ask for your personal documents. Below we have mentioned about the same.

  • Address proof: If you want to avail for a loan, it is essential that you submit your address proof to the lender. It could either be your driving license, pan card, utility bill, ration card or an account statement.


  • Identity proof: For personal identification, you have to provide the lender with an identity proof. It can be your aadhaar card, voter card or passport. Nevertheless, make sure you ask the lender exactly which identity proof he wants. This is because some of them ask for a specific identity proof and they do not accept anything else.
  • Income proof: If you are opting for a loan, it is mandatory to provide the lender with income proof. This is because the lender has to check if you will be able to repay the loan in the given time period.

These are the important documents you need to submit to the lender. Now that you know about them, you can fill in the monthly mortgage payment calculator and get started. We hope this piece of information has been useful to you. In order to learn more about essential documents for loan procedure, speak to the lender today.


Leave a Reply

Your email address will not be published. Required fields are marked *