• Mortgage Rates
  • Home Buyer Tips
  • Home Seller Tips
  • Real Estate
  • Around The Home

Michael Inkman

Fairway Independent Mortgage Corporation

  • Home
  • About
    • About Michael
    • Testimonials
  • Types of Loans
  • Mortgage Info
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Get Pre-Approved Now!
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • FAQs
  • Blog
  • Contact
You are here: Home / Archives for purchase loan

How Purchase Loans Are Made

October 1, 2013 by Michael Inkman Leave a Comment

Step-By-Step Walkthrough

1. Loan Search – Buyers should seek the advice of an experienced mortgage professional, someone who will help determine which financing options best suit their needs today and in the future.

2. Loan Application – It’s crucial that consumers supply the lender with as much information as possible, as accurately as possible. All outstanding debts as well as assets and income should be included.

3. Documentation – Buyers must submit paperwork supporting the application as well. Information commonly sought includes pay stubs, two years’ tax returns, and account statements verifying the source of the down payment, funds to close and reserves.

4. Pre-approval – Getting pre-approved for a mortgage allows borrowers to know exactly how much house they can afford. Viewed as “cash buyers”, pre-approved borrowers have greater negotiating power as well. [Read more…]

Business Boosters Tagged: Mortgage, purchase loan

Michael Inkman

Contact Michael


michael@michaelinkman.com
Mobile: (214) 762-4659
NMLS #152707
FIMC
Company NMLS #2289

Browse articles by category

Connect with Me

Sign Up for My FREE e-newsletter!

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Categories

Archives

Quick Links

  • About Us
  • Accessibility Statement
  • Privacy Policy
  • Contact us
Texas Consumer Complaint and
Recovery Fund Notice

Third Party FIMC: bestmortgageblog.com
Equal Housing Opp
Company NMLS #2289
For licensing information, go to: www.nmlsconsumeraccess.org

Privacy Policy | Terms of Use

Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.
The content on this website is written by Michael and reflects his opinion, and not the opinion of Fairway Independent Mortgage Corporation.

Fairway Independent Mortgage Corporation
1800 Golden Trail Court
Carrollton, TX 75010

Copyright © 2023 Michael Inkman  ·  All rights reserved   ·   Log In