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Real Estate Tips
Financing Your Home >Mortgage Fears

It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!

Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.

Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.

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Real Estate Trivia
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What vast and beautiful territory is named with an Indian word meaning "Big Village"?

A 
Canada
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Janet Jurich, REALTOR®, real estate agentss and broker for Bloomington, Normal and Heyworth, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Janet Jurich, Broker Associate, Realtor
Keller Williams Realty

2206 Eastland Drive
Bloomington, IL. 61704
Phone: 309-825-2078
Email: JanetJurich@gmail.com

What makes Broker Janet Jurich a Top Expert in her area? It's easy! She has experience, knowledge, great negotiation skills and sincere dedication to her clients. As a buyer's agent her negotiating skills are among the best. As a seller's agent she also knows the value of homes in the area and provides outstanding service to get your home sold for top dollar and shortest time on the market. Janet's in depth training includes courses such as Real Estate Practice, Financing, Real Estate Law & Escrow and Real Estate Appraisal. Janet’s clients continually comment on her warm personality, patience and personal commitment in making their real estate transactions a pleasurable and worry free experience.

Equal Housing GRI MLS REALTOR



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