Page 3 - Get approved the FIRST TIME
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There are three parts to the mortgage approval, but this book will focus on
how you -as the borrower- can get approved the very first time you apply for your
mortgage loan. Many borrowers suffer embarrassment or delay because they are
not fully prepared when they speak to their mortgage loan officer to apply for their
loan. Let's take a look at what all goes into getting a mortgage for your residence.
This book will discuss the process and how to get approved the very first time
when applying for a home mortgage. We will focus on pleasing the underwriter
who is the person that will approve or deny your loan request.
THE BORROWER →THE PROPERTY → THE TITLE DEED
There are three parts to the mortgage approval process. The first is you:
the borrower! The second is the property that you're purchasing, and lastly, the title
to the property that you are purchasing. All three parts must be approved in order
for the loan transaction to be approved. This book will only focus on the
BORROWER’s portion of the mortgage approval process. You won’t have any
input as to the property value or condition of the property title so our focus will be
on making sure your portion of the mortgage approval process is approved the
first time you apply!
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