When you apply for a mortgage loan, you will have to go through a process which will determine whether or not you will actually receive the loan. This process starts with you meeting the mortgage lender, who will assess your financial situation and decide whether or not you qualify for the loan.
For your initial meeting with your mortgage lender, remember to bring the following papers. These documents are essential if the mortgage lender is to assess you properly.
For your first meeting with a mortgage lender you should bring:
- Bank account information, including account numbers and recent account statements
- Tax returns, W-2 withholding forms, pay stubs, and other proof of employment
- Recent credit card bills
- Canceled checks for utility bills and loans
- Gift letters
If you have these papers on hand for the mortgage lender’s visit, your mortgage loan application process will be sped up. The typical application can take anywhere from one to six weeks. Once you submit your mortgage application, you will have to pay an application fee and an appraisal fee, as well as submit additional financial information. As with all information requested of you, provide it quickly. This will minimize delays in your mortgage loan application process. More...
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