What Steps Need To Be Taken To Secure A Loan
You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application.
To do so, you’ll need the following information.
Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past.
Lenders may now be able to help borrowers who don’t have a lot of money saved for the down payment and closing costs, have no or a poor credit history, have quite a bit of long-term debt, or who have experienced income irregularities.
Posted by:
As you can see in the video below, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all affect the size of your mortgage payment. In bullets:
How Are Pre-Qualifying And Pre-Approval Different? Watch this video and it’ll make sense.
Pre-qualification is an informal way to see how much you maybe able to borrow. You can be ‘pre-qualified’ over the phone with no paperwork by telling a lender your income, your long-term debts and how large a down payment you can afford. Without any obligation, this helps you arrive at a ballpark figure of the amount you ...
Continue Reading →
Buying real estate and or taking out a home loan is a significant milestone in life. ...
Posted by:
If you’ve had some trouble getting approved for a mortgage recently, you’re not alone. Many individuals ...
Posted by:
While there are differing schools of thought when it comes to whether or not a person should pay ...
Posted by:
If you have been declined for a mortgage, you may ...
When your children are about to step out into the world on ...
Before approving a mortgage, your lender is going to have to do ...