 |
|||||
 |
|
||||
|
|
||||
 |
|||||
 |
 |
 |
 |
 |
 |
|
Obtain Loan Approval |
|||||
|
 |
Get Organized |
|
Get Qualified | |
|
Shop Programs | |
|
Apply For a Loan | |
|
Obtain Approval | |
|
Close the Loan | |
|
||
 |
 |
|
Once your loan application has been received we will start the loan approval process |
||
|
1. |
Credit history |
|
|
2. |
Employment history |
|
| 3. | Assets, including your bank accounts, stocks, mutual fund and retirement accounts | |
| 4. | Property value | |
|
||
|
Based on your specific situation, additional documents or verifications may be required. To improve your chances of getting a loan approval: |
||
|
|
Fill out the application completely. |
|
|
|
Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date. | |
|
|
Do not make any major purchases. Do not buy a car, furniture or another house until your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application. | |
|
|
Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us. | |
|
|
Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf. | |
|
||||||||||||||
|
||||||||||||||
 |
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|||||||
|
© 2005-2008 First Manhattan Mortgage |
||||||||||||||