Home - What steps need to be taken to secure a mortgage loan?
first step in securing a mortgage loan when buying a home is to complete a mortgage
loan application. To do so,
you'll need the following information.
stubs for the past 2-3 months
forms for the past 2 years
on long-term debts
returns for the past 2 years
of any other income
and description of the property you wish to buy
During the application process, the mortgage
lender will order a report on your credit history and a professional
appraisal of the property you want to purchase.
The application process
typically takes between 1-6 weeks.
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program when buying a home