What Steps Need To Be Taken To Secure A Loan?

by | Jan 13, 2014 | Financing:

You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application. To do so, you’ll need the following information.
  • Pay stubs for the past 2-3 months.
  • W-2 forms for the past 2 years.
  • Information on long-term debts.
  • Recent bank statements tax returns for the past 2 years.
  • Proof of any other income.
  • Address and description of the property you wish to buy.
  • A sales contract on the home you want to buy.
During the application process, the lender will order a report on your credit history and a professional appraisal of the property you want to purchase. The application process typically takes between 1-6 weeks.
TitleTap
Latest posts by TitleTap (see all)

Related Posts

How Are Pre-Qualifying And Pre-Approval Different?

Author Recent Posts TitleTapTitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys.

What Costs or Fees Are Associated With Loan Origination?

Yes, loan origination involves costs and fees. As you’ll see in the video, when you turn in your application you’ll be required to pay a

What Is RESPA?

Author Recent Posts TitleTapTitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys.

Don't Go At It Alone. Download The Free PDF!"10 Uncommon Questions to Ask Before Hiring a Web Designer"

All websites are not created equal! Download a free PDF with all of the questions you need answered BEFORE hiring a web designer.

Download Now