Understanding What Your Mortgage Lender Is Looking For

How to Expedite Your Mortgage Application

With so much conflicting information circulating ;about mortgage applications and requirements, ;the thought of applying can be overwhelming. ;In this post, ;Shutt Law Firm in Fort Myers ;will share some tips to put you in a better position when meeting your mortgage lender.

Clean up financial discrepancies

The first thing to do when considering a mortgage is to see what financial position you are in. Obtain a copy of your credit report and credit score and thoroughly inspect all of the information and applications listed. If you notice a credit application that doesn't look right or ;a telephone number/address that isn't familiar, report it straight away to your credit reporting bureaus for immediate investigation and resolution. Your potential lender will see your credit score as a reflection of your eligibility to borrow, so ensure it only represents financial ;transactions made directly by you.

How to Speed up Your Mortgage Application

Imagine a day in the life of a mortgage lender and think about just how much paperwork ;they process every day. To expedite your application, make ;all ;processes as easy as possible for your lender. ;Ask about any information or applications they require prior to your first meeting, such as a completed title search. Lenders are likely to require this, along with issued ;title insurance ;to ;provide security that there are no undisclosed claims that could be made against ;your home, and in turn, their investment.

Title Insurance in Fort Myers

Meet your lender with confidence and show them you are an organized applicant by arranging ;a professional and thorough title search and subsequent issue of ;title insurance in Fort Myers. ;Speak with ;a ;title search professional on ;239 540 7007 and ask us about how we can help protect the ownership of your new home.