MOTHERHOODLIFEBALANCE
(Important Info + 6 Steps)
During the pre-approval, it is a good time to ask questions about what is required by the bank to close on the loan.
So after you’ve found a home, made an offer that both parties have agreed to, you can move to the next step in applying for a mortgage.
Besides the 1003 Uniform Residential Loan Application, most banks will ask for 2 years of tax returns, 6 months pay stubs, and 3 months of bank statements.
The underwriting process is where the lender seeks to understand you and the property as a borrower and get comfortable giving you a loan.