Capurro & Reid Real Estate,LLC

How Should You Approach a Mortgage Application?

by Kevin Reid 01/14/2019

Filling out a mortgage application may prove to be a long, exhausting process. Fortunately, we're here to help you streamline the mortgage application process so you can move one step closer to acquiring your dream house.

Now, let's take a look at three tips to help you approach the mortgage application process with confidence.

1. Be Thorough

A mortgage application likely requests a lot of information about you, your finances and your employment history. However, it is important to answer each mortgage application question to the best of your ability. Because if you fail to do so, you risk delays in getting approved for a mortgage. Or, perhaps even worse, a lender may decline your mortgage application.

In addition, be honest in all of your mortgage application responses. This will ensure that if your mortgage application is approved, you will receive a mortgage that corresponds to your finances.

2. Ask Questions

There is no need to leave anything to chance as you complete a mortgage application. Thus, if you're uncertain about how to respond to various mortgage application questions, reach out to a lender for assistance.

Remember, there is no such thing as a "bad" question, especially when it comes to filling out a mortgage application. Lenders employ friendly, knowledgeable mortgage specialists who are happy to assist you in any way possible. Work with these mortgage specialists, and you can get the help you need to finalize your mortgage application.

3. Get Multiple Quotes

It may seem like a good idea to complete a single mortgage application to request home financing from a single lender. Yet doing so may be problematic, particularly for those who prioritize affordability.

Ultimately, meeting with multiple lenders and getting several mortgage quotes is ideal. If you shop around for a mortgage, you may be eligible for a low interest rate that helps you save money when you complete a home purchase.

Once you finish a mortgage application, it may be only a matter of time before you find out if you have received approval. Then, if you receive a "Yes" from a lender, you can accelerate the homebuying journey.

Of course, for those who plan to buy a home soon, it may be beneficial to employ a real estate agent. This housing market professional can put you in touch with the top lenders in your area, as well as help you complete a home search in no time at all.

A real estate agent typically learns about a homebuyer's goals and crafts a strategy to help this buyer accomplish his or her aspirations. Furthermore, a real estate agent provides recommendations and tips to help a homebuyer make informed decisions throughout the property buying journey. And if a homebuyer ever has concerns or questions, a real estate agent is available to respond to them.

Ready to complete a mortgage application? Use the aforementioned tips, and you can finalize a mortgage application, obtain home financing and make your homeownership dream come true.

About the Author
Author

Kevin Reid

Thank you for visiting my website. I have created it to be informative, interactive and helpful to both buyers and sellers alike.

I am a Broker/Owner of Capurro & Reid Real Estate, LLC. I have been active/licensed by the State of Nevada for the past 32 years, and a broker for the past 18 years. I am a lifelong native of the Reno-Sparks area, and I have the local experience and knowledge to assist you in your real estate needs.

If you own real estate that you're thinking of selling, I would be happy to provide you with a Free Market Analysis. Send me an email, and I will gladly provide you with current market statistics, and a market analysis of your property.

Whether you are buying or selling, hire professional like myself, who wants to earn your business. I am an e-Pro Certified Internet Professional, a designation recognized by the National Association of Realtors. I believe that technology as it relates to real estate, and how to manage it, is a crucial element in today's market.

In addition, if you have any general questions about buying or selling real estate in Reno/Sparks Nevada, please contact me, as I am more than willing to help. I invite you to contact me. I am happy to assist you with these very important transactions.

Sincerely,

Kevin Reid
Capurro & Reid Real Estate, LLC
9645 Gateway Drive, Suite "A"
Reno, Nevada  89521
[email protected]
775-850-5000 Office
775-722-0121 Mobile
866-394-1772 fax