|
FREQUENTLY
ASKED MORTGAGE BORROWING AND LENDING QUESTIONS
1)
What does it cost to submit a loan application?
2) Do
I need to pick the property I want to buy before I fill out the
application?
Q:
What does it cost to
submit a loan application?
A: Nothing. You can submit your application and become pre-approved
for a loan without incurring any charges. Later on, fees may be incurred
for a property appraisal and eventually closing costs.
Q:
Do I need to pick the
property I want to buy before I fill out the application?
A: No, you can fill out the application first, and once your loan is
approved you can make changes to it up until the time that your loan rate
is locked.
|
