Apply Online

Once you have compared companies and found best lender for you, you can finish process by applying online with subprime lender. Mortgage lenders will process your information and send out paperwork for your final approval and signature. The whole process can take a matter of days.

Read Your Paperwork

Whether you are refinancing or buying a home, make sure you know what type of deal you are getting into by reading paperwork subprime lender sends. If you have any questions, you can contact lending company by email or phone. You can also take paperwork to a lawyer to get their opinion. You should be comfortable with all terms before you sign.

Most lending institutions will not want to pull your credit report initially, until they are sure you are serious about getting approved. It costs lender money to pull your credit, so it is in their best interest to wait until they know you are serious before they pull your credit report. So, make sure when you apply for a mortgage loan, that your credit is not being pulled with your initial application. When applying for a mortgage loan online, here are some ways to know that your credit is most likely not being pulled.

1. Did they ask you to describe your credit? If they asked you to describe your credit, that is because they are probably not going to pull your credit initially.

2. Did they ask for your social security number? If they don’t have your social security number, they can’t pull your credit.

3. Search their website to see if they tell you whether or not they will pull your credit report initially. It may be listed under their frequently asked questions.