This is a sample Borrower's Affidavit. A borrower's affidavit is a written statement provided at a loan closing where the loan is secured by the borrower's interest in real property. In the sworn affidavit, the borrower provides assurances regarding: The borrower's financial condition. The form may be customized to suit your needs.
No, the Borrower's Affidavit is not the same as a mortgage application. It's more of a supporting document that confirms the details you provided on your application. Think of it as a sidekick to your main application!
You don’t necessarily need a lawyer, but having one can help clarify things, especially if you have any doubts. Having an expert by your side can be a real game-changer!
Once you've signed the Borrower's Affidavit, it's hard to change it. If you need to correct something, it’s best to discuss it with your lender right away. Don’t leave that stone unturned!
You need to complete a Borrower's Affidavit to assure lenders that the information you've provided is true and correct. It's a way of proving you're on the up and up.