The Mortgage Application Timeline - What Really Happens?

Описание: There's plenty of granular steps involved in getting a mortgage but really, it can be broken down into more simple steps.

From an application standpoint, acquiring a property, it comes down to are you a suitable applicant for the lender, fitting within their criteria of what is a 'safe investment' and reasonable, and is the property acceptable to the lender's criteria.

For refinancing, the extra criteria comes down to is the purpose of the money, or any extra borrowing, acceptable to the lender.

Lastly, is the property legally sound, meaning it meets the lender's definition of a safe investment.

Everything else is just a step to meeting those criteria.


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