How To Buy A Home: Step 11 – Easy or Confusing Application?

April 1, 2020

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After the bank receives the fully executed contract of sale, they will begin the mortgage loan application process. You will need to complete and submit a formal loan application and provide supporting documents (to, amongst other things, verify your employment), which the bank will use to initiate the mortgage application process.

In this video, we go over details regarding the loan application, a pre-approval vs loan application, and the next items that your NYC mortgage lender will be working on. If you have any specific loan application questions, you should speak with your lender for more information.

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PROFESSIONAL EQUITY ASSESSMENT REPORT: If you would like to receive a professional equity assessment report in order to know the current market value of your home or a home you are interested in buying, you can visit www.homepricebronx.com.

MORE VIDEOS: To watch, “Selling A Distressed Home? How To Get Full Value Instantly!,” go here: https://youtu.be/exSmyjz3TlA

To watch, “Free Money: How To Acquire $15,000 When You Buy,” watch here: https://youtu.be/H16vjmDiWw8

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