How to Apply for a Home Loan in 6 Steps
If you don’t know how to apply for a home loan, something as simple as forgetting to list a bank account or old address could lead to snafus later. Although many lenders offer online options to make the mortgage application process easier, following these six steps to apply for a mortgage may save you from running into delays during the loan process. ON THIS PAGE 1. Gather your financial paperwork 2. Know basic mortgage loan requirements 3. Choose the right mortgage type 4. Consider factors that aren’t on the mortgage application 5. Choose the right type of mortgage lender 6. Fill out a mortgage application 1. Gather your financial paperwork Once the mortgage process is underway, you can prevent surprises by providing accurate answers to home loan application questions. If you share the right mortgage documents upfront, you’ll likely have a smoother mortgage experience. Here’s what you’ll need: Full name . List your full legal name, and add suffixes in the name field so only you...