Five ways to make the loan process go faster

Posted on 12:46 PM | By Smart Wealth Advisory | In

1. Have everything ready and in one place.
Elsewhere on our website, you'll find a list of things you might need in support of your mortgage application. If you get them all together and keep them in a safe, portable place like a special pouch or folder, you can cut down on time spent rooting around for things we may need. Also, you'll help cut down on your own anxiety and confusion.

2. Be honest and complete when you fill out your application.
"Fudging" your employment or residence history or omitting asset accounts you'd rather not have considered doesn't increase your chances of getting a favorable loan. In 100 percent of cases, it makes it harder, and take longer.

3. Respond promptly to requests for information.
During processing, we or the lender considering your loan will request information. Provide it as soon as you get the request, or return the call as soon as you get the message.

4. Get Your Homeowners Insurance Established.
Prior to closing on your purchase we are going to have to an insurance binder proving that you have obtained insurance coverage for the house. Do not wait until the day before closing to shop for it. It is very helpful if you have this taken care of a week before we close.

5. Let the appraiser in!
The appraisal is one of the lengthiest parts of the mortgage loan process. Studies have shown that the single biggest factor in appraisal "lag time" is the appraiser's inability to reach the homeowner to make an appointment. If you're refinancing and the appraiser calls to make an appointment, make it as soon as convenient for both of you.

And remember that the appraiser doesn't want to buy your house. He or she will say what the house is worth clean and tidy and in reasonable repair, even if you have some dirty laundry on the laundry room floor or dirty dishes in the sink. Cleaning doesn't get you a higher appraisal! Letting the appraiser in as soon as possible gets you a loan faster, though.

Comments (2)

Good Day !!!!!

I am Hwa Jurong, a Reputable, Legitimate & an accredited money
Lender. I loan money out to individuals in need of financial assistance.
Do you have a bad credit or are you in need of money to pay bills?
i want to use this medium to inform you that i render reliable beneficiary
assistance as I'll be glad to offer you a loan at 2% interest rate to
reliable individuals.

Services Rendered include:
*Refinance
*Home Improvement
*Inventor Loans
*Auto Loans
*Debt Consolidation
*Horse Loans
*Line of Credit
*Second Mortgage
*Business Loans
*Personal Loans
*International Loans.
Please write back if interested.
Upon Response, you'll be mailed a Loan application form to fill. (No social
security and no credit check, 100% Guaranteed!) I Look forward permitting me to
be of service to you. You can contact me via e-mail: hwa_jurong@yahoo.com.sg , hwajurong12@gmail.com , contact@hwa-jurong.com ...
Yours Sincerely,

Hwa Jurong(MD).

Finance loans for immediate respond contact us
Are you looking for Finance?
Are you looking for a money to enlarge your business?
We help individuals and companies to obtain loan for business
expanding and to setup a new business ranging any amount. Get a
loan at affordable interest rate of 2%, Do you need this cash/loan
for business and to clear your bills? Then send us an email now
for more information contact us now whatspp Number +918929490461
Contact Us At : abdullahibrahimlender@gmail.com
Mr Abdullah Ibrahim

Post a Comment