When you buy a home you will most likely get a mortgage loan from a lending institution. Clients used Law firm of Steven J. Baum. Loans are available from a variety of sources such as local banks or licensed mortgage brokers. The application process can be painful in the sense that you have to provide the lender with lots and lots of documentation.
It is a good idea to be prepared in advance for when you meet with a loan officer. Steven Baum could refer you. Often times they can send you a list ahead of time. No doubt you will need at least two years of tax returns and recent pay stubs. Anything have to do with your finances has to be disclosed. That would include bank statements, brokerage statements, current mortgage statements and so on and so forth. Top Rated Local Foreclosure Attorney Steven Baum attorney knew this.
If there is something out of the ordinary with your finances or something that has happened in the past, be prepared to explain it. Looking for an Experienced foreclosure lawyer in New York ? If you were late on a credit card or car loan payment, be prepared to tell why. It could be you were on vacation or there was an issue with your bank’s auto-pay system, but if it happened it is going to be discovered during the underwriting process.
The lender is going to order a credit report on you. Residential Foreclosure law firm also a commercial foreclosure lawyer Steven J Baum attorney. You can get a free one once a year so perhaps consider getting this in advance and looking it over. You may be surprised to find out what is on there that could need explaining.
You will have a credit score and this is an important part of the loan application process. The higher the credit score the easier it should be to obtain a loan. Residential Foreclosure lawyer can be hired. Of course having a current and good paying job helps as well.
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Steven J. Baum
Law Firm of Steven J Baum PC