Getting your mortgage application right on the first try
When applying for a mortgage, no page of the documentation is unimportant. Check these tips to make sure that you get them all on the first try.
Communication is Key to a Stress Free Home Purchase
Posted in: First Time Homebuyer, Loan Process, Purchase, Why Use a Mortgage Broker
Buying a home is a huge investment of money, time, emotion and energy. Great communication is the single most important key to a successful, stress-free home purchase. Make sure that you’re getting it.
After the Mortgage Application
The most frustrating part of closing a new mortgage application can be the waiting. Stay patient, stay in communication with your mortgage professional, and trust your team to get you to the closing table.
The Mortgage Loan Process – Required Documentation
In the very beginning, all mortgage loan applications start out with the same vital information. Decisions are based on the review of a borrower’s credit and debt, income, assets and the property. When applying for a mortgage, you should be prepared to provide the following documentation:
2 recent paystubs
2 years taxes (all schedules) with W2’s
2 recent [...]
What the Fed thinks about Shopping for a Mortgage Part 1
Posted in: Loan Process, Rates, The Fed, Truth in Lending, Why Use a Mortgage Broker
Only about half of research participants consulted more than one lender or broker
when looking for a mortgage loan. Know who you’re conducting business with before you sign on the line.