1) Don't attempt paperwork alone. We know that piles upon piles
of forms and documents can be quite intimidating and frustrating
to anybody, especially the first-time homebuyer. At Applied Wholesale
Mortgage, we save you time and money with a streamlined mortgage
process, making all the paperwork previously required to complete
your loan application a thing of the past.
2) You should review at least 3 different loan programs and measure
them against your own financial needs and capabilities before
selecting the one that best meets your needs. Since Applied Wholesale
Mortgage offers many different loan programs, you will doubtless
be able to select a program that best addresses your specific
financial needs and plans.
3) Keep in contact with your lender and demand good service.
Because you deserve it! It is our goal at Applied Wholesale Mortgage
to provide you with verbal and written status reports throughout
the loan process making sure you understand the process every
step of the way to avoid unnecessary delays or extra costs.
4) Understand both the positive and negative aspects of the loan
program you choose. Our Loan Specialists work to help you select
the right loan program before signing.
5) Waiting for a better rate can be a drastic mistake, so don't
wait too long before you lock in your rate! In trying to time
the market, you may miss out on the ideal opportunity to refinance
at the right rate.
6) Speak openly and candidly with your lender. Providing your
lender with as much information as possible will only make it
that much easier to get approved. If there is a problem, and your
lender is aware of it, he can present it in the most favorable
light and will help your loan get the highest approval rating.
7) Get Pre-qualified. Avoid the stress and frustration of wasting
valuable time driving around looking for homes for which you may
or may not qualify! Pre-qualification means that a thorough examination
of your income to debt ratios have been put down on paper for
you to see and takes 15 minutes or less through a telephone interview
or 24 hours from the time we receive your application online.
8) Get pre-approved. Pre-approval can help you to close the loan
faster and in the end will spare you much wasted time in frustrating
negotiations.
