For how long do you plan to keep the
loan? If you plan to sell the house in a few years, an
adjustable or balloon loan may make the most sense. If you plan
to keep the house for a longer period, a fixed loan may be more
suitable.
We guide you through the application
process. The application is the true start of the loan
process and usually occurs between one and five days of your
initial interview. With the aid of a mortgage professional, the
borrower completes an application and provides all required
documentation.
Fees and closing cost estimates, first
discussed while while examining the many mortgage programs, need
to be verified by a Good Faith Estimate (GFE) and a
Truth-In-Lending Statement (TIL). Your broker sends you these
documents for signing within three days of your submission of
the application.
