Even if you are not buying an investment property and could afford to buy the house in cash, there are still valid reasons to apply for a mortgage.

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It is really a process, and each step has a few things that need to be done by you, the borrower.

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Pre-Approval

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5

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5

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Application

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The underwriting process is where the lender seeks to understand you and the property as a borrower and get comfortable giving you a loan.

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5

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Closing

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Swipe Up to read more ABOUT The Best Applying for a Mortgage (Important Info + 6 Steps)

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Read More

Applying for a Mortgage (Important Info + 6 Steps)

Applying for a Mortgage (Important Info + 6 Steps)

Even if you are not buying an investment property and could afford to buy the house in cash, there are still valid reasons to apply for a mortgage.

Read More

It is really a process, and each step has a few things that need to be done by you, the borrower.

Read More

Pre-Approval

First, a loan officer will ask you some questions and get basic verification of your income and credit score.

Read More

5

Read More

Getting a Property Under Contract

Getting a Property Under Contract

Getting a Property Under Contract

5

Getting a property under contract is a prerequisite to moving forward with the lending process because the bank will need to consider the property you are buying.

Read More

Application

Read More

Most lenders will use what is called a 1003 Uniform Residential Loan Application.

The underwriting process is where the lender seeks to understand you and the property as a borrower and get comfortable giving you a loan.

Read More

Underwriting

5

Once the loan commitment is issued, sometimes borrowers relax and maybe buy a car, get another loan, or open a credit card.

Read More

Loan Commitment

Closing

Getting to the closing table can be an exciting and nerve-racking time for a buyer. But, buying a house is a big deal, so that is understandable. Celebrate.

Read More

Swipe Up to read more ABOUT The Best Applying for a Mortgage (Important Info + 6 Steps)

Read More

Swipe Up to read more ABOUT The Best Applying for a Mortgage (Important Info + 6 Steps)

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