The first step to buying your new home is getting per-qualified with a dependable lender.
Your mortgage lender will want
to know a lot about you before approving your loan application, and
justifiably so; they and their underwriters want to be assured that you
meet their minimum level of creditworthiness before lending you money.
Here are the general areas of questioning you can expect from a lender:
1. Employment and income
2. Outstanding debts
3. Cash reserves and assets
4. Down payment
5. Loan purpose
6. Property use
7. Property type
are the 10 key questions to ask at application time to help you find
the best overall mortgage loan. If you have already selected a lender
and are ready to apply, make sure you have the answers to these
1. What is the interest rate on this mortgage?
2. How many discount and origination points will I pay?
3. What are the closing costs?
4. When can I lock the interest rate and what will it cost me to do so?
5. Is there a prepayment penalty on this loan?
6. What is the minimum down payment required for this loan?
7. What are the qualifying guidelines for this loan?
8. What documents will I have to provide?
9. How long will it take to process my loan application?
10. What might delay approval of my loan?
Once you've narrowed the lender field to a short list of finalists, it's time to compare their offers.
Here are some of our Preferred Lenders to get you started:
Tiphinie Mothershed, NMLS ID 670035
Please submit Pre-qual to my website: http://homeloan.chase.com/tiphinie.mothershed
Juan Robles, NMLS ID 256202
Academy Mortgage Corporation
3333 Concours Bl 1 Ste 1100
Ontario, CA 91764
NMLS ID: CA-Doc 256202
Corporate NMLS: 3113
Branch License: 817088
Branch ID: 23601
Anderson Investment Company DBA
Anderson Real Estate, a California Corporation, does not discriminate
in administrations of its financial policies, representations and
employment practices on
the basis of race, color, religion, disability, national origin, age,
gender, orientations or marital status. Updated January 2012.
Anderson Real Estate
Serving the Inland Empire and surrounding areas