How many months of bank statements are required when applying for a mortgage? We receive our statements electronically. Will the bank accept a copy of our statements if we print it from the internet?

Typically, lenders may require around three to six months of bank statements to verify your financial stability and assess your ability to repay the loan. Regarding electronic statements, many lenders do accept printed copies of statements that are obtained by printing them from the internet. However, it's essential to ensure that the printed statements contain all the necessary information, such as your name, account number, transaction history, and the bank's Inmanlogo. If you have any doubts, it's best to check with your specific lender to confirm their requirements. Remember, it's always advisable to reach out to your lender directly to clarify any questions or concerns you have about the specific documentation they require for your mortgage application.

Will a lender let me use the land I have as collateral for a construction loan? Do construction loan lenders typically allow interest only payments before the building is complete?

Lenders may allow you to use the land you own as collateral for a construction loan. However, it ultimately depends on the specific policies and requirements of the lender you choose to work with. Some lenders may accept land as collateral, while others may have different criteria or preferences. It's best to consult with reputable financial institutions or mortgage lenders, as their policies and terms may vary. They will be able to provide you with the most accurate and current information based on their specific offerings.

can agent share commission with buyers?

In Houston, Texas, real estate agents are generally allowed to share their commission with buyers. It's best to discuss this directly with your agent to determine if it's a possibility in your particular situation.