How Much Money Is Needed for Mortgage Preapproval?

Answer It doesn't just take money to make money. It takes money to borrow money, too. Ironic as it seems, it's with good reason that a borrower needs to have some cash of his own in order for a lender to ... Read More »

Top Q&A For: How Much Money Is Needed for Mortgage Preapproval

How much is needed for a mortgage down payment?

The amount of down payment needed to purchase a mortgage depends on the product selected. For a VA or USDA loan, no down payment is needed. For a FHA loan, a minimum 3.5 percent down payment is nee... Read More »

Information Needed When Applying for a Mortgage?

A mortgage is often the largest loan that a consumer will apply for. In contrast to most other loans that a consumer will be granted in a lifetime, the documentation that must be provided in applyi... Read More »

Forms Needed to Assume a Mortgage?

Closing a mortgage loan is far from a simple process. When you sit at the closing table, you'll have to sign several important forms that allow you to assume your new mortgage and pay for your new ... Read More »

What Is Needed to Start a Mortgage Company?

Real estate financing could provide a rewarding career for mortgage company owners. If you have worked for a bank or a mortgage broker as a loan originator, you may want to start a mortgage company... Read More »