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Top 10 self evident things buyers should know but don't always before applying for a loan:

By
Mortgage and Lending with Clear to Close, Inc.

I know some of these are rediculous, but in all seriousness I have received loan applications where this information was not completed.  Why?  The loan originators tells me the borrower "wasn't sure".  Of course this is funny, the saddest part is the loan officers actually forwarded me the apps without this information to "see what I think".

 

1. their social security number

2. current address, and if less than 2 years previous address

3. how long they have been at this address

4. employer

5. how long they have been at their job

6. job title

7. annual income

8. all the same info for their coborrower

9. type of property they are looking for

10. how much they would like to put down

 

 

 

 

Michael Wayne Jackson
Coldwell Banker - Novato, CA
Broker - Seniors Real Estate Specialist Novato

All of these items are necessary to prequalify a buyer. How funny they would not send you all of this.

Aug 06, 2008 05:21 AM