Exit Realty Cherry Creek
Melanie Hood, Exit Realty Cherry CreekPhone: (303) 525-1828
Email: [email protected]

How Should You Approach a Mortgage Application?

by Melanie Hood 01/05/2020

Filling out a mortgage application may prove to be a long, exhausting process. Fortunately, we're here to help you streamline the mortgage application process so you can move one step closer to acquiring your dream house.

Now, let's take a look at three tips to help you approach the mortgage application process with confidence.

1. Be Thorough

A mortgage application likely requests a lot of information about you, your finances and your employment history. However, it is important to answer each mortgage application question to the best of your ability. Because if you fail to do so, you risk delays in getting approved for a mortgage. Or, perhaps even worse, a lender may decline your mortgage application.

In addition, be honest in all of your mortgage application responses. This will ensure that if your mortgage application is approved, you will receive a mortgage that corresponds to your finances.

2. Ask Questions

There is no need to leave anything to chance as you complete a mortgage application. Thus, if you're uncertain about how to respond to various mortgage application questions, reach out to a lender for assistance.

Remember, there is no such thing as a "bad" question, especially when it comes to filling out a mortgage application. Lenders employ friendly, knowledgeable mortgage specialists who are happy to assist you in any way possible. Work with these mortgage specialists, and you can get the help you need to finalize your mortgage application.

3. Get Multiple Quotes

It may seem like a good idea to complete a single mortgage application to request home financing from a single lender. Yet doing so may be problematic, particularly for those who prioritize affordability.

Ultimately, meeting with multiple lenders and getting several mortgage quotes is ideal. If you shop around for a mortgage, you may be eligible for a low interest rate that helps you save money when you complete a home purchase.

Once you finish a mortgage application, it may be only a matter of time before you find out if you have received approval. Then, if you receive a "Yes" from a lender, you can accelerate the homebuying journey.

Of course, for those who plan to buy a home soon, it may be beneficial to employ a real estate agent. This housing market professional can put you in touch with the top lenders in your area, as well as help you complete a home search in no time at all.

A real estate agent typically learns about a homebuyer's goals and crafts a strategy to help this buyer accomplish his or her aspirations. Furthermore, a real estate agent provides recommendations and tips to help a homebuyer make informed decisions throughout the property buying journey. And if a homebuyer ever has concerns or questions, a real estate agent is available to respond to them.

Ready to complete a mortgage application? Use the aforementioned tips, and you can finalize a mortgage application, obtain home financing and make your homeownership dream come true.

About the Author
Author

Melanie Hood

Melanie Hood is a Colorado Native. She enjoys the outdoors and in her free time, she volunteers working with rescued horses, attending Bronco games, likes to hike in the mountains, fish various ponds around town, ride horses, and manage rental properties. Melanie has always been intrigued with real estate and the housing market fluctuations. Her goal is to help you find the home of your dreams in Colorado and answer all your questions about the area you are interested in. As a Realtor, Melanie will be an advocate for you using her leadership, customer service, and facilitation skills. Whether you are buying, selling or renting, Melanie will work hard for you as she is very thorough and will promote your best interests. She is certified to work with Seniors in helping them with their decisions as they age. She understands selling and buying a home can be very stressful and will help alleviate the stress with communication and being accessible. To connect with her, text melaniehood to 85377.