Buying a house is a dream for many! You can make your dream come true by opting for a local mortgage lender in Lafayette. They are the best home loan providers Lafayette, IN. Garb the opportunity to make that a critical investment of our life with Primeres as your mortgage lenders by your side today! A market survey done has provided them to be the best Local mortgage lenders Lafayette. So what are you waiting for? Click here and get started!

Primeres.com/Lafayette- The Local mortgage lenders, Lafayette recently published an article that outlined a 10 Step Guide to the Mortgage a Loan Process. A handy, informative tool for all of us.

STEP 1: Application

The first step is to submit your application once you have found your dream home to purchase. The mortgage lender will initiate the application process for your mortgage after gathering the required documentation from your end.

STEP 2: Do a Home Inspection

While your application is in process, quickly do a home inspection to make sure there are no other unforeseen issues to take note of.

STEP 3: Cooperate

As your application process moves to the next step, it will require more documents from your end. Ensure to provide it promptly to your mortgage lender.

STEP 4: Homeowners Insurance

You need to give the lender the proof of insurance before the loan can receive final approval.

STEP 5: Lenders House Inspection

Permit the mortgage lender to visit your house and inspect to make sure that you are not paying more to the seller for the house than the market rate. This is important.

STEP 6: No new debts

Ensure that you do not end up adding to your financial burden by taking any more new debts or loans.

STEP 7: Interest rate

Finalize and freeze upon the final interest rate with the mortgage lender for your mortgage. This must be done around ten days before the closing date.

STEP 8: Money required for closing

Once the application process is through, loan sanctioned, home inspection done, interest rate finalized, the mortgage lender will inform you about the closing date and money required.

STEP 9: Arrange for the money

Arrange and pay the money required towards the down payment and the closing costs

STEP 10: Enter your home

Check all the documents a final time, sign, and you are ready to move into your dream home!

An excellent 10 step guide for a person intending to take up a mortgage to buy a home. All thanks to Primeres.com/Lafayette - Local mortgage lenders, Lafayette.