|
|
Applying for a home loan
By Jakob Jelling
http://www.cashbazar.com
Applying for a home loan may not be the most exciting way to spend your
time, but if you are like many potential homeowners, it is probably a
necessary evil. If you have some knowledge of the process ahead of time,
however, it will go much more smoothly.
Home loan applications tend to be very long, but if you are prepared
ahead of time you can finish the application procedure without breaking
a sweat. Before you begin filling out the form, make sure you have available
your Social Security number, information pertaining to previous employers
and residences, recent pay stubs, copies of credit card and loan statements,
copies of bank statements and asset information such as stocks, pension
and retirement funds. Begin the form by simply filling out each line with
the requested information but leave Section I, entitled Type of Mortgage
and Terms of Loan, blank.
Next fill out Section II, Property Information and Purpose of Loan, with
any of your available information. Only fill in the subject property address
line, however, after you have an accepted offer on a property. If you
don't have a property yet, simply state the purpose of the loan as purchase
or refinance, as well as the type of property the loan will cover (primary,
secondary, or investment). Also write down all the names in which the
title will be held, how the title will be held, and the source of the
down payment (this is usually in cash).
In Section III, Borrower Information, you must fill out your personal
information including name, Social Security number, phone, age, years
in school, marital status, number of children and their ages, and present
and previous employers.
Section IV is Employment Information, while Section V is Monthly Income
and Combined Housing Expense Information (use your pay stubs for this
section).
Section VI, Assets and Liabilities, can be filled out using bank statements,
as well as credit card and loan statements. Leave Section VII, Details
of Transaction, blank.
Finally, answer the question in Section VIII, Declaration, then sign
and date the application. Also sign Section IX, Acknowledgement and Agreement.
About the author
Jakob Jelling is the founder of http://www.cashbazar.com.
Visit his website for the latest on personal finance, debt elimination,
budgeting, credit cards and real estate. |
|
» Controlling
the price changes in futures markets
The lock-limit is one way that the markets can be controlled.
» How
much will price changes effect stock trading?
Price elasticity is an economics term that refers to
the way that price changes of stock can affect the demand for that
stock.
» Large
volume trading in steps
Program trading is a term that is also used in at least
two different (though similar) meanings.
» How
many stock options are available?
Open interests are not a feature of all stock market trades.
In fact, open interests are calculated based on options and futures
trades.
» Protect
your portfolio from large losses
If you are worried about the stock market, then you
might want to consider portfolio insurances.
» Insure
your investment without limiting returns
Are you looking for a way to trade on the stock market
without having to deal with all of the risks?
» Regional
funds explained
Increase your portfolio diversity with funds from other
regions.
» What
is a derivative?
Invest in commodities without buying the commodities themselves.
» What
is an option?
An option is an agreement that a commodity or stock
will be available for purchase at a set date.
» Should
I always pay a commission when buying mutual funds
There are three main types of mutual funds when it comes
to commissions.
» Find
the lowest risk investment portfolio
If you're trying to find a good investment portfolio,
then you may want to look at the Treynor measure.
» The
difference between PAX World Funds and The World Funds
The first type is purchased through the company PAX,
and these funds focus on socially responsible companies.
» The
Alpha factor explained
A new method of differentiating between different investments.
» How
good is your planned investment
A company prospectus is a legal document that has been
filed by the company that you might be thinking about investing
in.
» How
do I find the best investment advisor?
If you're looking for the best investment advisor for
you, you should make sure that you pay attention to the type of investments
that that advisor usually recommends.
» How
to find the best full-service stockbroker - ask questions
Before you decide who you should choose for your full-service
stockbroker, make sure that this is the best option for you financially.
» Investing
in commodities
Investing in commodities is not too hard to do - the
real problem comes in when you are trying to decide which commodities
you should invest in, and when it is better to buy or sell a particular
product.
» Don't
wait to get your retirement payments!
If you're looking for an annuity, there are a variety
of different annuities to choose from.
» Multisector
bond funds explained
If you are looking to invest in bonds, but you are not
sure that you want to deal with making all of the purchases on
your own, bond funds might be the right option for you.
» Private
annuity explained
The biggest difference between a regular annuity and
a private annuity is that private annuities take place between
two individuals, instead of between an individual and an insurance
company.
» Avoid
estate taxes with a life insurance trust
If you're looking for another way to insure yourself with
a life insurance policy that will avoid any taxes after your death,
then you should look into getting a life insurance trust.
» What
is a Section 1035 policy exchange?
Don't lose insurance money when you change policies.
» Who
should consider annually renewable term life insurances?
If you're looking for a good insurance policy, then
you should probably take a good look at your financial situation,
and at what you can count on being your situation in the future.
» Death
benefit only plan explained
If you need life insurance, but you are not able to afford
the regular price for life insurance, then you might want to look
into a death benefit only plan.
» How
to save money on your homeowner's insurance
In the case of homeowner's insurance, the most common
way to reduce the amount of money that you will be paying each
month is to increase your deductible.
|
|
|
Please visit Sitetube.com
and learn how to profit from your website.
|
|
|
|
