The true challenge in getting a home loan today is not that the qualifying requirements are more stringent. The challenge is for the borrower to get in the documentation required accurately and quickly.
The challenges arise for the borrower when the borrower does not give the exact document requested or hands in 3 pages when all 5 are required. The best way to overcome this challenge is for the borrower to face this as a challenge of persistence. Take on the attitude, "I can take on and deliver whatever document the lender requests, regardless if the lender requests the same document multiple times."
Click here for a great article in Forbes about this topic. The lender's "just because I said so" attitude in requesting documents needs to be accepted by the borrower because the prize for fulfilling all these requests is so much greater. Keep your eye on the prize borrowers!
