Things Lenders Will Ask When Buying a House

Questions Mortgage Companies and Lenders Ask

Are you in the market to purchase your first home? Buying a home is a super exciting adventure but one that comes with great fiscal responsibility. When you are going to be buying a home and getting a mortgage there are a number of things you should know.

First, there are going to be tons of questions that a lender will ask you. Any bank of lending institution is going to do their due diligence and it will be thorough. Back at the last real estate downturn, the need for a better controlled lending environment was established.

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The number of loan defaults changing the lending landscape entirely. Now by lenders being more complete, they are able to avoid lending money to the wrong people.

In the article at Maximum Real Estate Exposure, you will learn some of the most common lending questions. See what you need to answer in order to get the loan for the home of your dreams.

On the flip side, you should also be asking lenders your own questions. Make sure you are hiring the right lender as it will affect you for years to come.


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Written by massrealty

Bill Gassett is a thirty-three year veteran to the real estate industry. He works for RE/MAX Executive Realty in Hopkinton Massachusetts. Bill runs the successful Maximum Real Estate Exposure site where he shares his expertise on buying and selling homes.

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