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The mortgage application process has gotten a lot tougher in the US since the housing crisis began, but following some basic mortgage tips can help you to navigate the exhaustive array of paperwork successfully. You should start by requesting your free credit report from the three agencies: Experian, TransUnion and Equifax.

Make sure the information on each is correct. Then organize all your financial documents, because lenders will ask for at least two months of pay stubs and bank statements. Pull out all of your most recent federal tax returns, W-2's and 401k statements as well. Try to keep your finances simple for at least two months prior to your application. Any unusual deposits or overdraws on your checking account will look questionable to lenders. You will also want to document your down payment if it taps money from an inheritance, money market fund or other account.