New Home Loan - 3 Tips To Speed Up The Mortgage Loan Approval Process

Written by Carrie Reeder


Continued from page 1

You should be sure that anytimerepparttar mortgage company calls you, that you return their call as soon as possible, and then provide whatever documentation or data they need. Remember, if they call you for something that generally means that they won’t be able to move forward on your loan until they receive it.

Next, you can make things easier forrepparttar 149056 mortgage company by providing them with a file containing all ofrepparttar 149057 information that you know they will need—organized and easy-to-read. For example, you should include your tax returns, income statements, employment records, credit reports, explanation of bad marks on your credit reports, bank and investment records,repparttar 149058 contract for your new home, all bank records, and cancelled checks or other evidence of your current mortgage or rental payments. This will saverepparttar 149059 time ofrepparttar 149060 mortgage company having to ask you for all of this paperwork.

Finally, it won’t hurt to call and checkrepparttar 149061 progress every now and then. Mortgage lenders process thousands of loan applications, and you can make sure that yours doesn’t sit onrepparttar 149062 bottom ofrepparttar 149063 stack by calling attention to it with a phone call.

To see a list of recommended mortgage loan companies online, visit this page: http://www.abcloanguide.com/mortgageloans.shtml - Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans.


New Home Loan - Understand The Various Types Of Mortgage Lenders

Written by Carrie Reeder


Continued from page 1

Credit Unions

If you belong to a credit union that should berepparttar first place you check for your mortgage loan because they generally offer lower interest rates. Many associations, unions or even workplaces have their own credit unions.

Savings and Loan

Half ofrepparttar 149055 mortgage loans inrepparttar 149056 United States are made by local savings and loans. If you belong to one, be sure to check their rates—they’re likely very good.

Government Loans

A lot of people falsely believe thatrepparttar 149057 government is inrepparttar 149058 business of making mortgage loans—they’re not. But they do “back” certain loans, which makerepparttar 149059 lenders more apt to extend them. Forrepparttar 149060 best information on government backed loans, talk to your local banker.

There are also many mortgage companies online that can help you find direct mortgage lenders and home loan brokers that will best suit your needs. This is a quick way to find a good mortgage loan and compare rates and offers from multiple lenders. When lenders compete for your business, it works to your advantage.

To see a list of recommended mortgage loan companies online, visit this page: http://www.abcloanguide.com/mortgageloans.shtml - Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans.


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