How to Get a Mortgage

Find a mortgage company, or a bank that makes mortgages. It has been said that finding a company that underwrites (lends it’s own money) its own loans will work best. Go directly to the source. Although some mortgage brokers do their job well and can be useful.

Step 2

Fill out the application. Set a meeting with your loan officer and ask them everything you want and need to know then ask them what you should know. You will need tax returns for 2 years past, check stubs and possibly much more. Be prepared with your financial documents. Be prepared to verify your income. This should allow you to discover what you price range of housing you should be looking for.

Of course never give money up front. Educate yourself as to what the mortgage rates are currently at.

Make sure you are comfortable with this person and they are easily accessible. You need your loan officer to be educated in mortgages and have a good grasp of what they are doing.

Step 3

Find a house in your price range and make an offer. After you have been approved for a loan for a certain amount you should obtain a pre-approval letter from your loan officer. You will give this letter to your real estate agent that will be included with your offer to show that you are a legitimate buyer.
Share a How To article

Know how to do something? Please share with us.

Email us at edhow.com@gmail.com

Make sure to give us your name and location so we can give you credit!