Securing a mortgage, Exploring Assets

Securing a mortgage, Exploring Assets

MONEY JUST ISN’T KING!

Well at the very least if you are finding https://speedyloan.net/reviews/cashland a true mortgage loan it really isn’t!

Whenever getting prequalified for a mortgage, whether or not it’s a government loan like VA, FHA, USDA, or even a loan that is conventional Fannie Mae or Freddie Mac, you can find three areas that your particular Loan Officer will investigate and require paperwork. Those areas are credit, income & assets. Federal and State law govern the mortgage process therefore regardless of in which you visit obtain a true mortgage loan, these details will apply.

In the 1st installment of a 3-part show on securing a property loan, let’s first explore assets. Continue reading “Securing a mortgage, Exploring Assets”