What is Full Documentation? - Definition

What is Full Documentation? - Definition
Full Documentation implies that borrower is able to prove the income and assets that they are stating on the mortgage application. Documents used to verify

income in this situation include pay stubs, w2’s tax returns, verifications of employment, and occasionally bank statements (for alternative lending options). The borrower’s ability to prove income places them in a lower risk category typically allowing for better terms on potential mortgage produc