Select A Department:

Courses in this Department

How Ready Are You to Buy a Home?

Determining Your Dream Home and Finding It!

Factory Built Homes Are Worth a Look

Purchase Manufactured Homes with FHA Loan

How to Buy a Foreclosed Home

Pros and Cons of Corner Lots

Know the Neighborhood Before You Buy

Tune in to an Open House on the Radio

Finding a Qualified Broker or Agent

Shopping for a Loan and Choosing a Lender

How to Improve Your Credit

How to Survive the Loan Application Process

Making an Offer and Signing Contracts

Cancel Your Contract in 3 Days

Understanding the Closing/Settlement Process

Choosing Home Inspection and Settlement Professionals

Double Check Your New Home - The Walkthrough

Know Your Consumer Rights

Seniors Have Many Housing Opportunities

Preparing for the Big Day -- Relocating Moving

Make Your Home Your Castle - Cost Effective Redecorating Ideas


What do you know...

...about surviving the loan process?

You're really on your way.
It's time to look at credit.

Let's assume you have already found a loan at a good rate. Now get ready to put your credit history and your financial plan on the line. You're going under the microscope! Filling out the loan application is the most time consuming and pivotal stage of the whole home buying process. The more complicated your financial situation, the more information you must provide.

Chances are you already have a good idea of the amount you can qualify for. Now everything is in the hands of your loan officer. Despite you best laid plans, though, you never know what your credit report or income verification might reveal, perhaps something you forgot or didn't expect.

Conservative Lenders
Preparation and persistence pay off.

Mortgage lenders are generally conservative and stick to loan underwriting guidelines. That's why you want to get started early on the loan application process. You cannot afford to wait to check your credit or to straighten out your financial situation when buying a home. The earlier you can get a jump on things, the better. Call and get a copy of your credit report and fix it as soon as possible-before reaching the critical loan application stage.

But don't forget that although mortgage lenders follow the guidelines, they still want your business. They will take strong savings into consideration. A strong position in a company also carries weight. Lenders know that everyone is different. It's up to you to know the ropes and get creative in qualifying for your loan.

Now Let's Look at Your Credit...

And the application process itself.

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