loan process

Home Loan Approval Process

Posted by on Feb 13, 2011 in loan process

I’ve created an article on the home loan approval process which tells you what the factors that are help you get pre-approved as well as the paperwork that the mortgage broker will need from you.  Before contract for deed, I use to work with investors, and I understand that the lenders will have a lot of guidelines that buyers need to follow.  This process mostly comes down to credit score, and a clean looking credit history.  If you have...

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Job and source of income for home loans

Posted by on Apr 27, 2010 in loan process

C: Job-Income Source In order to qualify for a loan, the bank will require that you have a source of income (Most landlords to rent, rent to own, or sell on a contract for deed will require income) 1. Part-Time job-2 year consistent history (can be different jobs, but 2 years consistent (hourly, salary, commission)) 2. Spouse’s income-(If they are going to be on the new loan) 3. Significant other’s income-(If they are going to be on the new...

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Loan Application Process: Beginning to End

Posted by on Apr 20, 2008 in loan process

I’ll be the first to admit that “an overview of the loan process” would have been tough for me to explain my first couple of years in the business. The reason for that is I didn’t camp out in the loan officers office. In fact I referred most of my stuff out for years. Much like I do today. I don’t camp out at title companies offices, rarely went to closings, and never had to be a processor. I learned …

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