loan approval: Pre Approval Mistakes You Can't Afford to Make
- 09/08/11 12:30 PM
You have spent the last several weeks scouring the city for your dream home. You wrote an offer and ‘hooray’, it was accepted. You were pre-approved for a loan by your lender a month ago, but understand that your next step is to complete the mortgage application process. When you initially spoke with your loan officer everything from credit to income looked good. Even though you feel nothing has changed financially, you worry that any teeny tiny discrepancy could result in loan denial. So how can you avoid the stress of the “unknown deal killer?” Below is a … (63 comments)
loan approval: Choosing the Right Lender | Local vs. National
- 06/08/11 04:43 AM
Buying your Colorado Springs home is most likely the largest purchase you will make in your lifetime. Unless you've just recently won the lottery or have a very generous rich uncle, you will need to qualify for a mortgage. When you begin to research lender options, knowing how to choose can be difficult. What is the difference between a local lender, mortgage lender, mortgage banker or credit union? And what do those variations mean to you as the consumer? Working with a local lender that comes recommended from your real estate agent, friend or next door neighbor carries a lot more … (7 comments)
loan approval: Your FHA Loan Application Can Make or BREAK Your Deal
- 06/01/11 07:41 AM
A complete FHA loan application is a very important part of the loan approval process, but can be an unnerving experience given the amount of paperwork you will be asked to turn over. If you're unwilling to part with the information needed by your loan officer or worse yet - withhold important information - your FHA loan could be in jeopardy of a denial. What happened to the Good 'Ol Days? The days of the quick over the phone pre-qualification are long gone and replaced by a much more detailed pre approval process. But don't let that frighten you. Qualifying for an FHA mortgage does not … (6 comments)
loan approval: How the Mortgage Loan Process Works
- 04/20/11 01:56 PM
How the Mortgage Loan Process Works Once you've completed the loan application, you might wonder what the next steps in the mortgage loan process are and how the behind the scenes will work. There are several steps to take you from open to close and our goal is to get you there with as little stress as possible!
The first step is to move your loan into processing where all of the verifications will be done. We call this the "order out" process. During this period, the processor working on your file will order title work and title history, property tax … (1 comments)
Author Bio: Rebekah Radice is a social media marketing, internet marketing and content marketing specialist. Rebekah Radice consults with business professionals to assist with their social media and blog marketing efforts.
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