Eden Homes LLC

Tips for Completing a Mortgage Application

by Eden Homes 01/12/2020

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

Eden Homes

About Simone Duhamel

 Simone Duhamel has been working as a Real estate agent since 1996 and has owned and run "Cobra Construction LLC" a builder of fine homes, since 2003.
Her clients come from a wide spectrum of needs and desires.
She has been a member of the Manchester Nashua Board of Realtors since 1996, and has worked diligently to establish good working relationships with a variety of professionals in the industry of home ownership. 

She's been working 10 years in the mortgage industry and is currently working on her MBA
 

*Graduate of Buyer Broker School of Real Estate.

*Graduate of Kathy Roosa School of Real Estate for sales and marketing.

*Member of the National Association of Realtor's.

*Bilingual, fluent in German.

*Member of the NNEREN (Northern New England Real Estate Network).

*Servicing from Laconia, to Nashua, east to west.

*Regional Member/Agent for HUD (Housing and Urban development) homes.

*Member of the Greater Manchester Nashua Board of Realtor s.

*On the Goffstown NH Planning board.

*Owner of Alpha and Omega Group since 2009. (Various Home services)

Mrs. Duhamel is a strong believer in Volunteer work and is therefore involved in multiple efforts to help those in need. 

In 2009 she founded "Chains of Freedom", in an effort to abolish modern day slavery/human trafficking.

This is a non-profit organization that diligently works on the funding of missionaries, one of the many organizations we support, is the well known "Salvation Army" that has made such tremendous strides 

for this cause in recent months...however they need continued funding in these efforts and we at "Chains of Freedom" seek to meet that need. 

About Samantha Mulvaney

Samantha Mulvaney acquired her Real Estate License in December of

2010. She is a graduate of Kathy Roosa (New England) School of

Real Estate. She has a strong background in mortgage lending and

financing with experience in the field for over five consecutive

years. Samantha is currently working toward her Bachelors degree

in Business Administration at Southern New Hampshire University.

She is excited to take on this new endeavor and will strive to

meet her client’s needs.