When talking about loans, whats the difference between full documented and alternative documented?
If youre required to have a full documented loan, youll have to provide the lender with specific documents to disclose and verify income and assets. Youll ask your employer to verify your employment and your bank will be asked to verify deposits. By contrast, a lender who allows alternative documentation will accept copies of your bank statements, W-2s or other tax statements, and paycheck stubs.
