We’ve applied for the mortgage…now what?
Monthly Archives: April 2016
Applying for a mortgage these days can be a bit confusing and even discouraging. However, it doesn’t have to be that way! The more you know about the process and what to expect, the easier it will be. So, what happens once the mortgage application is submitted? An appraisal will have to be performed to
1. You usually don’t put more money in your pocket. Take into consideration that most buyers who try to buy directly from owners are going to pay less BECAUSE there is no Realtor involved. Statistics show that using a professional Realtor will bring you 10 -20% net dollars in your pocket. 2. Paperwork, compliance, more paperwork…
The housing meltdown took its toll on millions of people’s credit, income and stability. Most of these people have been renting or stuck in their housing since then. Now, since their hardships have been over for 3 – 7 years, they are coming back to buying real estate competitively. FNMA, FREDDIEMAC, VA, as well as