Securing Your Home Loan

ACE YOUR MORTGAGE APPROVAL

HOW TO SECURE YOUR HOME LOAN

CONQUER YOUR CREDIT SCORE

1)Know your credit score

2) Monitor all current accounts

3) Make every payment as scheduled

4) Avoid opening new lines of credit during your home shopping and escrow procedures

RESEARCH POTENTIAL LENDERS1) Choose your style, local or

national bank? Do you prefer to meet in person or complete the application process all-online?

2) Ask questions! Ask for an information packet and for average turn-around times

3) Go to an expert for specialized loans such as FHA and VA loans

Respond & Provide1) Gather all financial and identification documents and make photocopies ahead of time.

2) Do not withhold any needed information, provide and respond to your lender ASAP.

CHOOSE APPROPRIATE PROPERTIES

1) Some home loans, such as FHA, have requirements on the condition of the home. Avoid setbacks by adhering to these guidelines when choosing a property.