Market Updates: What You Need To Know About The Mortgage Process

Posted by Dil Gillani on Friday, October 9th, 2015 at 5:30pm

In today's Market Updates series, we will be looking at a new info-graphic from our friends at KCM (KeepingCurrentMatters.com) and discussing everything you need to know about the mortgage process. 

What You Need To Qualify In Today's Market:

1 - A down payment of anywhere from 5-20% of the purchase price.

2- Income Verification, Credit History, and Asset Documentation.

3- Impartial 3rd Party Appraisal.

4- Stable Income.

5 - Good Credit History. 

With all these things to keep track of, it seems like buying a home could be difficult! The bottom line? Do your research, reach out to professionals, stick to your budget, and be sure you're ready to take on the financial responsibilities of being a homeowner!

Call us today for more information, or to help you sell or buy your home today! 718-442-4400

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