The House Loan Process in Ten Easy Steps

The House Loan Process in Ten Easy Steps

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This Element is an excerpt from Homebuyers Beware: Whoa€™s Ripping You Off Now?--What You Must Know About the New Rules of Mortgage and Credit (ISBN: 9780137020164) by Carolyn Warren. Available in print and digital formats. The simplest, clearest, quickest, step-by-step guide to todaya€™s home loan processes! Ia€™ve seen loan process flowcharts so elaborate, I wonder if the authora€™s purpose was to try to impress me with the complexity and enormity of their job. By contrast, here is a simple checklist that leads you through the steps, from start to finish. Step #1: Get a Good Faith Estimate and choose your loan officer....At this point, most lenders will need you to pay for the appraisal report. If your loan amount is above the conforming loan limit or a Jumbo Loan, two appraisals might be required. Typically, lenders will ask for credit card authorization so they anbsp;...

Title:The House Loan Process in Ten Easy Steps
Author:Carolyn Warren
Publisher:Pearson Education - 2009-11-16


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