2 comments | Friday, May 28, 2010
The loan approval process generally begins with an initial interview where you and a mortgage professional discuss the potential loan.
You may prefer to talk with the loan agent before house hunting to determine in advance how much you can afford and the mortgage amount for which you can qualify. This step is called pre-qualification and can save you time and trouble by making certain you are looking in the correct price range.
To get prepared, here are some of the items a lender might ask for: Read the rest of this entry »