The mortgage process made easy... yes it is possible! This is my advice, but has also been confirmed by a client that closed on their new dream home earlier this month.
To give you a little background, the buyer had a credit score slightly over 700, solid work and housing history and a 20% down payment for their purchase. Understandably, not everyone has the 20% down payment, but it doesn't have to be the breaking point between an easy transaction and a painful one.
On the day that I called to tell her the loan was approved, her response was "REALLY? I expected it to take a lot longer". When I asked why, she went on to explain that a neighbor started a refinance more than 90 days ago and still hadn't closed. She continued with a co-worker that was also making a purchase that had been started more than 60 days ago and still not closed.
Here is the difference - - - are you listening????
The secret to an easy mortgage application is to be organized. This buyer sent EVERY piece of documentation that I asked for at one time. Her organization and responsiveness to my requests was PERFECT!
So, if you are going to apply for a mortgage, make the process easy.
Be organized, be thorough when submitting documents and be responsive.
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