Amazines Free Article Archive
www.amazines.com - Tuesday, November 12, 2019
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133320)
 Advice (160854)
 Affiliate Programs (34735)
 Art and Culture (73688)
 Automotive (145678)
 Blogs (75051)
 Boating (9840)
 Books (17122)
 Buddhism (4124)
 Business (1328514)
 Business News (426309)
 Business Opportunities (366263)
 Camping (10961)
 Career (72734)
 Christianity (15843)
 Collecting (11637)
 Communication (115055)
 Computers (241954)
 Construction (38996)
 Consumer (49680)
 Cooking (17061)
 Copywriting (6567)
 Crafts (18204)
 Cuisine (7538)
 Current Affairs (20387)
 Dating (45776)
 EBooks (19687)
 E-Commerce (48204)
 Education (185250)
 Electronics (83496)
 Email (6392)
 Entertainment (159830)
 Environment (28937)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110900)
 Fashion & Cosmetics (196389)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310270)
 Fitness (106090)
 Food & Beverages (62866)
 Free Web Resources (7938)
 Gambling (30225)
 Gardening (25105)
 Government (10513)
 Health (629498)
 Hinduism (2205)
 Hobbies (44039)
 Home Business (91556)
 Home Improvement (251348)
 Home Repair (46126)
 Humor (4823)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29546)
 International Property (3485)
 Internet (190983)
 Internet Marketing (146334)
 Investment (22824)
 Islam (1167)
 Judaism (1356)
 Law (80485)
 Link Popularity (4591)
 Manufacturing (20842)
 Marketing (98770)
 MLM (14136)
 Motivation (18213)
 Music (27002)
 New to the Internet (9479)
 Non-Profit Organizations (4048)
 Online Shopping (129616)
 Organizing (7803)
 Party Ideas (11855)
 Pets (38080)
 Poetry (2234)
 Press Release (12673)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126618)
 Recreation & Leisure (95271)
 Relationships (87458)
 Research (16158)
 Sales (80321)
 Science & Technology (110218)
 Search Engines (23453)
 Self Improvement (153098)
 Seniors (6232)
 Sexuality (35942)
 Small Business (49284)
 Software (82995)
 Spiritual (23465)
 Sports (116079)
 Tax (7658)
 Telecommuting (34066)
 Travel & Tourism (307361)
 UK Property Investment (3119)
 Video Games (13428)
 Web Traffic (11727)
 Website Design (56821)
 Website Promotion (36567)
 World News (1000+)
 Writing (35768)
Author Spotlight
ALFRED MEARS

Former English Teacher; Musician (20+ years); Freelance Writer ...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more
DELORES KEEPER

Delores Keeper has been playing chess for over 50 years. Some tournaments, some teams (when she was ...more
AUSTIN STEVENS

I write books. I am best known for writing Sales & Marketing articles and books. I also writes artic...more
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more


Being Approved by Mortgage Companies by Andrew Stratton






Being Approved by Mortgage Companies by
Article Posted: 07/18/2013
Article Views: 107
Articles Written: 5522
Word Count: 511
Article Votes: 0
AddThis Social Bookmark Button

Being Approved by Mortgage Companies


 
Business
In order to buy homes, most individuals need to be approved for loans by mortgage companies. While a preapproval can be obtained in a matter of days or even hours, to be fully approved for a loan can take a month or more. If you're ready to purchase a house, be aware that there are multiple steps to take to obtain funding for your home.

Preapproval

First step, of course, is to be preapproved by the lender of your choice. Do some research to find out who offers the best interest rates, terms, and the lowest closing costs. In order to be preapproved for a loan, you will need to submit your most recent payroll stubs, your personal data including your date of birth and social security number. The lender will pull a credit report to see what your score is. If you make enough money at your job, have cash in the bank for a down payment, and have a good credit score, you will receive the green light to proceed with the home buying process.

Appraisal

Even if you're an excellent candidate for a loan, mortgage companies also want to make sure the house you're buying is worth what you're paying for it. To do this, a certified appraiser will be hired to inspect the property and write a report verifying its value. Appraisers will go to the property armed with laptop, measuring tape, and a camera. He or she will make sure the house is in good shape, contains the square footage listed in the tax records, and compare it to other properties in the neighborhood. These comps investigate recent sales in the area. Because home prices fluctuate, the comparison sales must be within the last few months. If the property appraises for a lower amount than the selling price, the bank won't okay the loan. This leads to renegotiation between buyers and sellers.

Verify Data

After the house has been appraised for an adequate amount, mortgage companies verify all of the applicants' data such as length of employment, money in bank, and credit history. Lenders want to make sure that applicants will be able to successfully pay back the loan over a period of thirty to fifteen years. The verification step can be a lengthy process. Anything discovered that triggers questions would need to be explained by the applicant in a signed letter of explanation. It's important that buyers don't take out any new loans during this process or lenders may reject the application.

Finally, after the preapproval, the appraisal, and the sleuthing over all personal and financial data, mortgage companies approve or reject loans. If you have good credit scores, a stable job, and adequate income, your loan will likely be approved. Your next steps would be to pack up your belongings, find a moving truck, and move in to your new home.

When you are considering and comparing mortgage companies in Grand Rapids, MI, be sure that you are looking at the whole process. Learn about Founders Bank & Trust by visiting http://foundersbt.com.

Related Articles - mortgage, companies, in, grand, rapids, mi,







Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
JOANNA MORGAN

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2019, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license