"The Mortgage Process. Step 1" written on paper

What You Need to Know About the Mortgage Process

meghanriley Home Buyer Tips Leave a Comment

There are many steps to buying a home and the first is getting preapproved for a mortgage, but what exactly does that entail? The infographic below explains what mortgage professionals most often require from those seeking a home loan and what buyers can expect to do to secure a mortgage. Now, it’s important to note that the infographic states that a 5-20% down payment is expected but know that there are existing programs that require as little as 0% down. Not everyone will qualify for that, but it’s definitely something to discuss with your mortgage broker/loan officer.

If you’d like a referral to a reputable local loan officer, don’t hesitate to reach out to us. We have some great professionals that we’ve worked with, and we always give a couple of names so you can find the one that works best for YOU.

Mortgage-Process-ENG-STM-622x1024

 

Load More
About the Author
author photo

meghanriley

Facebook

Meghan is the Client Care Coordinator for The Cameron Team and a published author of two young adult books.