Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Broker requesting 401k statement for a mortgage loan.
I applied for a mortgage loan through a local broker that was referred by my realtor and was instantly Pre-approved because I have pretty good credit. I now have to provide the routine documents (W-2s, pay stubs, tax returns ect...) I was also asked to provide a copy of my most recent quarter 401k statement (no big deal, this will be apart of my asset) but then he asked me to also provide a copy of the directions on how to take money out of my 401k if I needed to take money out. This has me a little uneasy. Is this a normal request from a broker for a mortgage loan?