Susan Hilton of Bryan College Station Texas, wrote the post below , which is a good reminder to everyone considering a first time mortgage or visiting your Mortgage broker one more time, that times have changed and additional information will be required.
Acquiring a mortgage loan today is more difficult than it has been in past years. The mortgage crisis that caused the recession has forced all loan and mortgage originators to create rigorous underwriting guidelines and procedures. These procedures generally require every piece of financial documentation available, and if you don’t have exactly everything that they ask for, your financial profile just might not fit the specific mold they need to align your status with before a loan can be secured. So by being prepared, and willing to offer up every ounce of paperwork necessary, regardless of the mundane, excessive nature of the process, you can avoid unnecessary complications and frustrations which only hinder the process and do little to help you obtain your loan. Yet, mortgage loans are not impossible to obtain, and if you have the credentials required, the only requirement left to meet is documentation.
So when you are ready to purchase in Bryan College Station, Texas remember YOU CAN DO IT even if it takes a little extra work. It is worth it!
PS - Susan Hilton is Bryan College Station, Texas’ real estate specialist in foreclosure sales and real estate agent career building so if you need help – CALL! 979-219-3970