October 17th, 2014 3:17 PM by Leonard Silvestri
There is more to applying for a mortgage loan than many
people may realize. Several steps are involved with your paperwork, and it passes
through many hands before the loan can be approved or denied. It is important
to understand the process so you can make the most of your experience, and
hopefully acquire the loan you desire.
When you begin looking for a mortgage, you will often times
speak with a loan officer first. This loan officer is the “middle-man” between
you and the lender. Once you complete the credit evaluation, there is still
more to the process. Lenders carefully look at your citizen status, employment
earning, real estate investments, child support, alimony, and if you’ve had any
bankruptcies or foreclosures. Based on this evaluation, you will get a
personalized interest rate for your loan.
Alternative Mortgage Group is a family-run business, and we
are here to help you with the mortgage loan process. We have been helping other
families achieve the American dream by assisting them in every way when it
comes to securing a comfortable mortgage. Come in and see us today for
personalized advice as you look for the home of your dreams.