Key takeaways ; The full mortgage application takes place after you’ve had an offer on a home accepted. ; Your lender will investigate your financials and the property you’re purchasing to complete the application. ; Be forthright about all of your finances. Any discrepancies can disrupt the process or result in your mortgage falling through.
Applying for a mortgage or remortgaging with us is simple. First, you'll need a Decision in Principle and then you can apply for your mortgage.
Having the paperwork you need eliminates much of the back-and-forth when applying for a home. Here are the top 10 things you should have prepared to help ease your mortgage application...
Loan type, Origination volume, 2022 ; Conventional, 53.2% ; Portfolio, 23.7% ; FHA and VA, 19.8%
In a letter of explanation for your mortgage application, you may need to account for any late payments, collection accounts, judgments or bankruptcies on your credit history.
Learn more about what documents you'll need to get ready for when you apply for a mortgage.
When you apply for a mortgage or refinance an existing mortgage, you want to secure the lowest interest rate possible. Any opportunity a borrower can exploit to shave dollars off the cost is a big...
Learn when the right time to refinance your mortgage is based on current market conditions, your financial situation, and average refinancing costs.
Learn how to apply for a mortgage before beginning the application so you'll know what to expect and can start gathering required documentation.
The inside track on what questions your bank will ask when you apply for a mortgage - and how to prepare