You will sign dozens, possibly hundreds, of documents and disclosures before it’s all through. You’ll also have to provide certain documents relating to your financial background.

The lender will start asking for these items soon after you submit your application. If you start gathering them now, the process will move more quickly later on. I recommend that start a mortgage file or folder to keep your documents together.

Before you apply for a mortgage loan, you should be familiar with the average interest rates being offered by lenders

Note: Make sure you give your lender photocopies or faxes of the original. Do not give away your original documents when you apply for the loan. Continue reading