Faster Loan Process

Five ways to get a faster loan process

I should say that "working with me" is the first way! When you let me help you find the loan that's right for you, that means you truly are taking advantage of some of the area's best technology and expertise to get a loan decision with funding quickly.

*smile* :-)

But here are five "other" ways you can speed up the process of getting a mortgage loan:

1. Have everything ready and in one place.
Elsewhere on my website, you'll find a list of things you might need in support of your mortgage application. If you get them all together and keep them in a safe, portable place like a special pouch or folder, you can cut down on time spent rooting around for things we may need. Also, you'll help cut down on your own anxiety, stress level and confusion.

2. Be honest and complete when you fill out your application.
"Fudging" your employment or residence history or omitting open credit accounts you'd rather not have considered doesn't increase your chances of getting a favorable loan. In 100% of cases, it makes it harder to be approved and it takes longer.

3. Respond promptly to requests for additional information.
During processing, the lender considering your loan may need additional information. Provide it as soon as you get the request or return the call as soon as you get the message.

4. Be prepared to explain derogatory items in your credit report.
This is really part of number 2 above. If you had an illness or a divorce where you missed or made late payments, or you have other instances of late payments or delinquencies on your credit report, be prepared to explain them. Be honest, and don't be nervous! The loan processor isn't judging you, they're trying to fill in all the blanks in their paperwork.

5. Let the appraiser in.
The appraisal is one of the lengthiest parts of the mortgage loan process. Studies have shown that the single biggest factor in appraisal "lag time" is the appraiser's inability to reach the homeowner to make an appointment. If you're refinancing and the appraiser calls to make an appointment, make it as soon as convenient for both of you.

And remember that the appraiser doesn't want to buy your house. The appraiser will determine the value of your house at the current market. A presentable home always makes a better impression. Let the appraiser in as soon as possible to expedite the loan process.

Anyone looking to actually save money with their home financing can Contact Me Directly to get the process started.

On the other hand, if you are a Real Estate Professional and you would be interested in keeping more of the profits originating from all the home loans you initiate, you can Become an Associate of My Team by filling out the form on that page.

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In order to find out what your best loan options are, you can start the process by visiting my Loan Helper page and when you submit your contact information in the form on that page, that will let me know you are interested in finding out how I can help you.