Wednesday, August 21, 2024 / by Matthew Daniel Tamburello
HomeBuyers & Investors: First Mortgage Documents Checklist!
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Buying a home or property is an exciting process no matter whether you are buying your first home or your third home. However, getting a mortgage even if you have an amazing credit history and score, have saved up sufficient funds for a down payment, closing costs, and more, getting a mortgage is still a process that will take time, paperwork and bureaucracy.
In other words, it’s time to prepare yourself for the fact that you can apply to be pre-approved or prequalified for a mortgage or for a mortgage but it is not something that is immediate. If you were thinking that you have all of the paperwork ready, all of the funds saved up, excellent credit, etc. that you could get approved instantaneously if only financial processes were so efficient and painless.
How long it will take for your mortgage application to process depends on y. ...