Thursday, July 28, 2011

What is the best bank to get Home Loan in the US ?

Best bank / lender for a mortgage loan is that your application is approved for a mortgage loan. After earning his initial loan from your bank / lender or broker the opportunity to have heard of that bank would be very slim. The company that would get your home loan is normally called an author. These authors will sell your loan to an investor like Fannie Mae or Freddie Mac
 

There are many things you should do
 

The first thing to do is contact a mortgage broker that does FHA and VA mortgage loans and pre-approved. This is the first step. Once you have your pre-approval contact a realtor to search the house based on what is qualified to buy.
 

Also
 

You will need proof of income to be available pay stubs, W-2, bank statements and other items from your mortgage broker will be required. He will tell you what you need once you contact them.
 

Consider this
 

This pre-approval will tell you how much house you are qualified to purchase and the interest rate, the monthly mortgage payments and other necessary things you need to know about your mortgage. If you can not buy a house before the pre-approval letter expires you can go back and reissue another.


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