Once you find a home that meets your preferences, needs and budget (and the seller accepts your offer, of course!), it’s time to apply for your loan. You’ll need to select a lender and complete an application. Depending on the lender, you may be able to apply in person, by phone...
Once you find a home that meets your preferences, needs and budget (and the seller accepts your offer, of course!), it’s time to apply for your loan. You’ll need to select a lender and complete an application. Depending on the lender, you may be able to apply in person, by phone...
Applying for a mortgage loan is simple. Whether you are purchasing or refinancing, it is important for you to understand how the process works before contacting a lender or broker. The application process will involve some work on your part. You will be required to provide your loan officer w...
Applying for a mortgage loan is simple. Whether you are purchasing or refinancing, it is important for you to understand how the process works before contacting a lender or broker. The application process will involve some work on your part. You will be required to provide your loan officer w...
When it comes to mortgage products, it doesn't get better than the VA loan. These loans have no down payment requirement, no private mortgage insurance, and some of the lowest interest rates around. They're basically the best deal you can get when buying a home. But who is eligible? An...
You’ve decided to buy a home. Hooray! Now you need a mortgage. Take a breath — it’s not every day you apply for a loan with that many zeros. Preparation is key, because after your purchase offer is accepted, the clock is ticking. Closing a mortgage transaction takes about 43 days...
Once you’ve completed a full mortgage application, it needs to go through the underwriting process. During this phase, your lender’s underwriting team will take a thorough look at all your financial documents and credit history to make sure you can afford your new home loan. They’ll also...
When you apply for a mortgage, you may need to provide your lender with several financial documents. Having these documents ready could speed up your loan application. Typically, you will be asked to provide your last two pay stubs, your most recent W-2, your last two years of tax returns...
A home mortgage loan is essentially a loan for buying a house. You secure it with the house you’re purchasing, which means a this is a type of mortgage loan. On the other hand, a mortgage loan is broader in scope. It allows you to use any property you own as collateral to obtain...
Once you find a home that meets your preferences, needs and budget (and the seller accepts your offer, of course!), it’s time to apply for your loan. You’ll need to select a lender and complete an application. Depending on the lender, you may be able to apply in person, by ph...