Want the most current listing information? Need local real estate advice? Call me:800-409-7062.
Sign Up For My eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
<
"Guidance and Expertise " "Thank you for your wonderful guidance and expertise with selling our home" Bryan & Allison Siegelman Read Quote > View All Quotes >
Compare three mortgages
at one time. Download TripleCalc now. It's free.
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
Erika Mueller RE/MAX Patriots 1770 E. Market St. York, PA 17402 Direct: 717-880-7620 Fax: 800-409-7062 Toll-free: 800-409-7062 info@CallErika.com
I've been practicing real estate for over 25 years and I would love to assist you with your real estate needs. Put my marketing and selling expertise to work for you!
www.CallErika.com
is brought to you by Erika Mueller, real estate for
York County and Surrounding Area, Pennsylvania
