2 min. read
Most lenders will want to see your personal financial statement before they consider accepting your loan application. A personal financial statement shows your financial standing. Lenders request this document because it shows your net worth and gives them a more complete picture of your financial situation.
Your net worth is what is left after you add up your assets (what you own) and subtract your liabilities (what you owe). Be completely honest and include everything you can think of and do not attempt to hide anything.?
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