When applying for mortgages, homebuyers must document their income and taxes.
Typically, mortgage lenders will request two recent pay stubs, the previous two years' W-2s, tax returns and the last two months of bank statements -- every page, even the blank ones.
"Why it has to be every single last page, I don't know. But that is what they want to see. I think they look for nonsufficient funds or odd money in or out," says Floyd Walters, owner of BWA Mortgage in La Canada Flintridge, California.
Buying a home can take a long time, but knowing what you need and where to find it can save time when you're ready.