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Whether buying or selling real estate YOU are our #1 Priority! For unsurpassed service please call: Sandy 914-589-4806 or Terra 914-671-5755
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Sandy Constabile and Terra
Corning are some of The Top Selling Real Estate Experts™
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Larchmont, Mamaroneck, and New Rochelle Area Maps & Useful Local Web Sites
Request my Free Larchmont, Mamaroneck, and New Rochelle Relocation Package. It's packed full of useful and important information about the Larchmont, Mamaroneck, and New Rochelle, New York area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...
Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
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What does the term Curb Appeal mean?
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| A |
This term describes how homes look from the street; this first impression is very important to prospective homebuyers. |
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