The Mortgage Process In The New Real Estate Market

The Mortgage Process In The New Real Estate Market

The mortgage process has changed vastly since the real estate crash of 2007. 

Between the years of 2004 and 2007 the mortgage underwriting guidelines changed to where the only requirement was that you should have a pause. Today the pendulum has swung all the way to the right and the amount minute details required by all mortgage companies can seem excessive however, there is no room for negotiation you either supply the information that they require or you won’t get a mortgage. The key to having a smooth mortgage transaction is to supply all the information that the mortgage provider asks for and preferably in one batch as quickly as possible.  One missing document or piece of information will stop the process dead in its tracks so you may as well give it all to the mortgage on the outset and supply any additional information or document requests immediately. I found a terrific article on MSN money that I believe you will find extremely useful and highly recommend that you review it if you’re about to embark upon your mortgage adventure.

Lee Buzalek Headshot
Phone: 302-528-0222
Dated: May 10th 2014
Views: 1,450
About Lee: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Explosive Growth In Millsboro - Plantation Lakes Golf and Country
Beyond The Beaches Of Delaware - The beach season is upon us from
Feb 16 2017 20540 1 - Here's What Millennials Are
Stay On Top Of These Home Maintenance Tasks - As a home owner, you’re now

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Delaware
State Broker of Record is located at 144 Kings Hwy, Suite 301, Dover, DE 19
Dover, DE