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3 Lender Documents A Homebuyer Should Know

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3 Lender Documents A Homebuyer Should Know

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  1. 3 Lender Documents A Homebuyer Should Know Once you start home mortgage process, there are three documents you should know about. Pre-Approval Letter It mentions the loan type, amount of loan you are approved to borrow, purchase price and approved rate of mortgage. The loan terms may change but the letter gives an implication that you are serious about purchasing the property. The letter does not bound you but gives you a jump start in the home buying process. Loan Estimate Once you make an offer for the property & submit official loan application, the lender sends you a loan estimate form. It mentions the specifics of your loan including estimated loan rate, monthly payment & total closing cost. This document does not imply that your loan has been approved or denied. Closing Disclosure The document mentions the final details of the mortgage & closing costs. Compare the details to the loan estimate to ensure the details are correct and contact your lender if you have any queries. The document is sent after initial approval for loan has been granted. 107 W. Hwy. 190 Copperas Cove, TX 76522 254-542-5100 2201 Trimmier Rd. Killeen, TX 76541 254-680-6158 14641 S. Padre Island Dr., Ste. B Corpus Christi, TX 78418 3106 S. WS Young Dr., Bldg. D, Ste. 402 Killeen, TX 76542 254-953-7000 361-949-4647 10961 Gateway Blvd. West, Ste. 200 El Paso, TX 79935 915-843-2681 8522 Broadway St., Ste. 208 San Antonio, TX 78217 210-340-0404 1320 N. Zaragoza Rd., Ste. 111 El Paso, TX 79936 915-858-1996 7348 W. Adams Ave., Ste. 200 Temple, TX 76502 254-771-0020 16165 North 83rd Ave., Ste. 200 Peoria, AZ 85382 201 E. Central Texas Expwy., Ste. 1600 Harker Heights, TX 76548 254-680-6155 480-752-3110 100 W. Central Texas Expwy., Ste. 300 Harker Heights, TX 76548 254-690-3765 www.fcmloans4u.com Image Source: Designed by Freepik

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