As Tax Day has passed, you may have your W-2s, insurance forms, and other paperwork still laying around. Our tip to you is to file that paperwork away in a safe, organized way for any future endeavors.
Keeping your documents in order on the front end will help with the future headache of digging around for your important files when applying for loans. The more organized you are can put you on a fast track to loan approval.
Categorize your documents in a way that makes most sense to you – by year, by account, by family member, by classification, etc. Label folders according to your categorization and file away!
Take the digital route – make copies of your documents and organize them electronically. However, make sure it’s secure or password protected. In addition, establish a backup. Backing up in the cloud or a server is inexpensive. In the case that your computer crashes and you lose your files, it’s necessary to have a backup source in place.
