The mortgage application is one of the more straightforward parts of the real estate loan process. Basically everyone completes the Uniform Residential Loan Application (1003 form). Our Mortgage and Real Estate loan secure web site is the best way to apply for a mortgage.
Applying for a Real Estate Loan
The mortgage application process can be a big task, especially if you are uncertain of what information will be needed. The check list will be helpful in completing the tasks with as little hardship as possible.
The mortgage application is the main tool used to get the mortgage approved. The mortgage-approval process determines whether you are a qualified borrower and a good repayment risk. The mortgage application gives the lender the data needed for the approval process and use it to approve the loan.
Much of the information needed in the mortgage application you will just know off the top of your head. Others, like bank account numbers and other loan information like your car loan would be convenient to gather before you start the loan application process.
The check list will give you the general info needed. But each application is processed by a professional loan broker who will find the best real estate loan for you. Since some lenders need different information to make the loan approval decision other information and documentation may be needed.