Yes. Mortgage lenders usually request bank statements from the past two to three months, regardless of the country, in order to verify:
- Your financial stability
- Your income consistency
- To check for any unusual transactions.
They want to ensure that you’ve got sufficient funds to make a downpayment, as well as closing costs and ongoing payments. Bank statements provide good insight into your spending and saving habits. This means it’s crucial to maintain a stable account balance during the loan application process.
