Steps to get a California Mortgage Include Number Eight of Ten: Paperwork Rules.
In a very real way, loans have become impersonal. The days of a friendly banker giving you the benefit of doubt or bending a rule because you’re a good customer are no more. In this climate, lenders fear that if they miss a detail, the loan could be unsalable, so they’re thinking down the road. An issue that could be explained by a borrower personally will not be communicated as the loan moves into the secondary market. Asking for documentation now assures lenders of recouping their investment later.
You can cut down on the time required to close a loan by having these types of documents organized well in advance.
If you have missed the first seven of these ten steps to getting a great and low cost mortgage, just click and scroll down.