Securing a mortgage, Exploring Assets

Securing a mortgage, Exploring Assets

MONEY JUST ISN’T KING!

Well at the very least if you are obtaining a true mortgage loan it’sn’t!

Whenever getting prequalified for a mortgage, whether or not it is a government loan like VA, FHA, USDA, or a old-fashioned loan like Fannie Mae or Freddie Mac, you can find three areas that your particular Loan Officer will investigate and need paperwork. Those areas are credit, earnings & assets. Federal and State legislation govern the mortgage procedure so regardless of where you head to obtain mortgage, this information will use. Continue reading “Securing a mortgage, Exploring Assets”