How does a mortgage get approved?

Answer A mortgage gets approved after a mortgage lender successfully processes your loan application. You must meet all of the terms and conditions for credit approval. Lenders will review your credit rep... Read More »

Top Q&A For: How does a mortgage get approved

What is a pre-approved mortgage?

Prior to home shopping, a buyer needs to obtain a pre-approval letter. In many cases, a pre-approved mortgage is required when submitting an offer on a property.Pre-Approved vs. Pre-QualifiedA pre-... Read More »

How to Become an FHA Approved Mortgage Broker?

Homebuyers who are looking to quickly gain equity in today's housing market are looking for loan products that require very little money down, and United States Federal Housing Administration (FHA)... Read More »

How long does it take to get a mortgage loan approved?

From filling out an application to signing the closing documents, the average mortgage loan closing takes three to six weeks. Numerous factors come into play in the length of the process, including... Read More »

How to Get Approved With Mortgage Companies As an Appraiser?

Mortgage companies, banks and lenders rely on quality appraisers throughout the mortgage process. Once approved by a mortgage company, the appraiser will be placed on an "approved appraisers" list,... Read More »