| A Homebuyers Service From CLHLLC |
Mortgage Application
About Making Application
You may be able to complete the application online, or you may need to make an appointment with Chris and do this in person. You probably can begin filling in your loan application online, and then you may need to visit Chris in person to continue it. You can also do some work over the phone or fax information to Chris in advance of a meeting.
A loan application is a form providing information about you that Chris will use to judge how best to accomplish your particular objectives. The application may change from its first draft, as Chris feels that more or less information is needed. Information needed for the loan application may vary from lender to lender, so prior to completing a final draft of the application Chris will perhaps discuss with you what additional items some prospective lenders will need.
When a final draft is completed, it will be submitted to one or more lenders that Chris decides are good potential money sources for your needs. These lenders may be competing for your business, and like it says on TV 'when banks compete for your business...... its good for you'. These lenders use the application to evaluate whether or not they can give you a loan, and if so, the amount of money they can lend you and on what terms (interest, duration, down payment). The "four Cs" of credit come into play when making the application -- they are capacity, credit history, capital and collateral. Chris will give the five page application to these lenders, along with much documentaion that proves what the application says is correct.
The loan application form requests information such as
- bank account balances and account numbers, as well as bank branch address
- information about where you work or what sources of income you have
- outstanding debts (including loans and credit cards with names and addresses of creditors)
GIVE CHRIS A CALL – LET’S DISCUSS HOME MORTGAGES,
AND START YOU ON THE ROAD TO HOME OWNERSHIP
YOU CAN'T MISS WITH CHRIS Call him today! OK?
Credit and Homeownership by FreddieMac If you're thinking about buying a home, you should also be thinking about your credit. The first step is...... READ MORE |
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GULFSIDE MORTGAGE INTRODUCES NEW SHORT FORM MORTGAGE APPLICATION
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HERE CHRIS IS GOING OVER THE SIMPLE AND SHORT FORM OF THE GULFSIDE MORTGAGE INC APPLICATION, SHOWING A CLIENT WHERE THEY NEED TO MAKE A CHANGE ON PAGE 937 AND PAGE 1104. THE CLIENT WAS A BIT TORKED, SINCE SHE HAD JUST XEROXED THE WHOLE APPLICATION. |
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