Bloomfield Home buying process
| One of the biggest mistakes home buyers make is not getting the mortgage started right away or being slow on getting the requested information back to the loan officer. I have had some buyers wait 7 or 10 days to get their mortgage started. Then their home closing was delayed because the lender wasn’t ready. So be ready to get your mortgage started right away after you get your home offer accepted. Right now many mortgage closings take forty-five days to close on your Bloomfield home. It helps if you get your loan documentation together ahead of time, including your W-2; your paycheck stubs; your tax returns; copies of your savings, investment, and retirement accounts; and documentation of other assets and liabilities. You’ll need to provide copies of your driver’s license and other identifying information. Create a file for these documents so they’re ready when you are. Another issue is getting you’re the need documents or information back to the lender in a timely manner. Let me explain how this works. If the lender calls you and you wait 2,3, maybe even 4-5 days to get the info back. Then it may sit on the loan officer’s desk for a day, then it gets into underwriting que which could be 3-4 days. You can lose a week out of your loan in no time at all. So when your loan officer asks for something….get it back to them the same day or the very next morning. Otherwise YOU WILL BE HOLDING UP YOUR CLOSING. YES YOU! I hope these tips help your home buying process go smoother. Appeal your Michigan Property tax assessment seminar Mortgage closing costs – wire fee Search Bloomfield foreclosures and homes [wnt_grid keyid=”1″ title=”Bloomfield MI homes for sale & rent” maptype=”disabled” ownertype=”all” paginated=”true” sortoptions=”true” maxresults=”50″ search_mode=”form” primarysearchtype=”active” searchtype=”city” state=”MI” single_family=”y” condo=”y” min_price=”100000″ max_price=”1000000000″ listing_status=”Active” county=”Oakland” city=”Bloomfield Hills,Bloomfield Township” /]
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