As An Atlanta Home Inspector I love being able to not only provide valuable information on home inspections in Georgia, but I love sharing other tips and tricks to help you during your home buying process. So when I found this information from Lisa Saunders and Kathy Delbridge over at Home Savings of America I knew that it would be information that you would find helpful.
Five ways to make the loan process go faster
We should say that “working with us” is the first way! When you let us help you find the loan that’s right for you, you truly are taking advantage of some of the area’s best technology and expertise to get you a loan decision and funding on your loan quickly.
But here are five “other” ways you can speed up the process of getting a mortgage loan:
1. Have everything ready and in one place. Elsewhere on our website, you’ll find a list of things you might need in support of your mortgage application. If you get them all together and keep them in a safe, portable place like a special pouch or folder, you can cut down on time spent rooting around for things we may need. Also, you’ll help cut down on your own anxiety and confusion.
2. Be honest and complete when you fill out your application. “Fudging” your employment or residence history or omitting open credit accounts you’d rather not have considered doesn’t increase your chances of getting a favorable loan. In 100 percent of cases, it makes it harder, and take longer.
3. Respond promptly to requests for additional information. During processing, we or the lender considering your loan may need additional information. Provide it as soon as you get the request, or return the call as soon as you get the message.
4. Be prepared to explain derogatory items in your credit report. This is really part of number 2 above. If you had an illness or a divorce where you missed or made late payments, or you have other instances of late payments or delinquencies on your credit report, be prepared to explain them. Be honest, and don’t be nervous! The loan processor isn’t judging you, they’re trying to fill in all the blanks in their paperwork.
5. Let the appraiser in! The appraisal is one of the lengthiest parts of the mortgage loan process. Studies have shown that the single biggest factor in appraisal “lag time” is the appraiser’s inability to reach the homeowner to make an appointment. If you’re refinancing and the appraiser calls to make an appointment, make it as soon as convenient for both of you.
And remember that the appraiser doesn’t want to buy your house. He or she will say what the house is worth clean and tidy and in reasonable repair, even if you have some dirty laundry on the laundry room floor or dirty dishes in the sink. Cleaning doesn’t get you a higher appraisal! Letting the appraiser in as soon as possible gets you a loan faster, though.
Now with all that said and done, when you find your dream home, make sure that you get a thorough home inspection from the Atlanta home inspector, David Lelak of IHI Home Inspections, he serves Canton, Alpharetta, Roswell, Cumming, Woodstock, Atlanta and all of North Georgia. Call us today at 404-788-2581 for a thorough home inspection. We won’t let you buy the money pit.
We are proud to offer our new FREE Home Utility/Communication Connection Services where one call does it all, Satellite, Internet, Cable TV, Home Security, and Phone. Call 1-866-594-4871 and provide them with access code 1008126. Call our Free Home Concierge Services to save time, save money and simplify life!
You can also schedule your own Georgia home inspection today online.
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