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All agents are NOT alike! Find out why we are the Washington DC Metro Area TOP REAL ESTATE EXPERTS. Call us: 202-364-1515.
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EXACTLY The House We've Been Looking For! "We can't thank you enough for helping us get into the EXACT house we've been looking for!" Terry & Harold Potakey Read Quote > View All Quotes >
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Compare three mortgages at one time.
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The Levy Team are some of The Top
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Things To Do In Washington DC, Columbia Heights and Takoma Park!
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Request our Free Washington DC, Columbia Heights and Takoma Park Relocation Package. It's packed full of useful and important information about the Washington DC, Columbia Heights and Takoma Park, District of Columbia area. Don't move here without it! Remember: we'll send it to you for free and without obligation. There's so much to do in Washington DC, Columbia Heights and Takoma Park! Let us send you our FREE relocation package about this great area. There's NO obligation, and we promise to respond quickly... 
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Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
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| Q |
What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
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Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star. |
See More Real Estate Trivia > |
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