When you apply for a mortgage, your lender will request a great deal of paperwork from you. This will include looking at your income, assets and existing debt - as well as your credit-worthiness.
As a part of the mortgage loan process, the mortgage lender, along with the underwriter of the loan, will request verification of the assets and income that you say that you have.
As a part of the verification process, certain terms and questions may arise. Here are a few:
What Mortgage Products Are There?
Here are a few resources to explain the different mortgage products available to homebuyers.
- First Time Home Buyers
- Conventional Loans
- Fixed Rate Loans
- Adjustable Rate Loans
- FHA Loans
- VA Loans
Are you looking to buy a home…