STUDENT LOAN

      


    
    

If you are 100% sure ready to buy a house, the next is to get into the process of home loan application. You need to have valid identification card, your SSN is very important as main identification, driver’s license and Company ID if you are employed, if not just the two will do. Bring also a copy of your recent photo.

The best size is 2x2. If possible secure an income tax return because it is a basis proof of your income stability. Your application form will be processed with high hopes of getting approval.

You can also Xerox 2 copies of your latest 2 months salary if employed, other wise just the proof of your financial stability. A bank account may also need in case of not employed.

Home Loan Application Form

After you have secured all needed documents in home loan application, you can now proceed to a bank or to lending company or to FHA to get application form for your home loan. State on the application form whether you want to purchase home or refinance a home.

You will also decide whether you want to make your purchase a primary home or just an investment or are it your secondary home. State also the exact kind of property like if it is a single unit, detached, condo, etc..

This is now the highlight, you also state the correct amount of that home you want to purchase, do not exceed and do not less the amount. Make every centavo clear and exact and say the right and exact amount you want to borrow.

Standard Home Loan Application

In standard home loan application, you will submit your home loan application to the lender it self, meaning you will have a face to face conversation with the lender. If your loan is accepted, you will receive a call or through mail (e-mail) informing you of your approved loan status.

You will be requested to come to their office immediately to sign any documents to process the loan. Be sure to read everything signing in to get your self out of trouble.

Home Loan Application Bank
Home loan application in a bank therefore is different; here you have to secure all important documents, the one we talked earlier is a must, after securing all those needed requirements, like 2 valid identifications, income tax return, 2 months latest pay slip,

2 photos with 2x2 size, credit history and so on, if you have these, at the bank ask an application form, fill it out and pass the form, you will then be contacted to update you with your application form.