Is this normal to get a mortgage loan?
We are trying to get a mortgage loan and the loan processor says that any deposits to our bank account (they look over two months worth of your bank statements) outside of our direct deposit payroll must have a “paper trail”. I had deposited quite a few checks at this time for my birthday and etc. The only thing I know to do is to get copies of the checks. What else could I do to have a “paper trail”. And is the normal to ask people to do, we have good credit, etc.? I am not even sure my small credit union could give me copies of third party checks I deposited.
well on my statements it simply says deposit and the amount, and they say that they want to know exactly where those deposits come from. I am actually feeling kind of violated by the whole process.