What is Light Documentation? - Definition

What is Light Documentation? - Definition
Light Documentation is typically used by alternative lenders to prove a shorter term of income with bank statements. Most lenders will use six months of bank statements to verify the income. This


type of documentation is still considered to be a higher risk and is generally used for self employed borrowers. The terms for a loan with this type of documentation are not as favorable as someone who can fully verify their income.

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