Whats With The Million And One Home Loan Application Questions?
My husband and I finally decided to make the “big move” (no pun intended!) and buy a little house that we can call our own. So, without having any prior experience of how a home loan works and what is required, we set out to quickly complete this effortless process… Man, oh man, were we brought back to reality with a bang!? Getting a home loan is not something you can quickly finalize while having a cup of java! It is quite a long, involved process and can be very overwhelming if you don’t know what to expect. Let’s have a look at the million and one steps (well, almost!) to obtain a home loan: (It’s actually quite ironic that it takes “lucky 13” steps to acquire a home loan, don’t you think?) Step 1: Find the house you want to buy. Don’t laugh – this is not as obvious as it sounds. A lot of people would want to get a general idea of how much they will be able to borrow, before starting the big house hunt. Most home loan companies will however require an offer to purchase or similar
