Applying for a mortgage is a huge step in the homebuying process. After you’ve taken the steps to improve your credit, save for a down payment and even start shopping for homes, the most daunting step can be actually applying for the mortgage.
Because mortgages are the most expensive loan you’ll take out in your life, there are a bevy of regulations, loan terms, fees, steps and signatures required before you can close and start moving in. However, it doesn’t have to be as complicated as you believe it to be.
6 things you can do to keep the mortgage process simple
The first time you apply for a mortgage pre-approval, do it at a credit union or a bank with a mortgage specialist
Shopping for a mortgage lender is just as important as shopping for a house. You want to go with a lender that has mortgage specialists on standby who can hold your hand through the process and walk you through it step-by-step. If you head to your local credit union or bank, you should be ab… Read More