The Mortgage Insider - Home Financing with Contemporary Mortgage

5 ways to make the home buying process easier

December 8th, 2021 10:55 PM by Holly Ecimovic

5 Ways to Make the Loan Process Go Faster

Before we get started, grab this free guide our team created: 7 Tips for Getting Preapproved for a Home Loan.

1. Have everything ready and in one place.

?? If you get all of your paperwork together and keep it 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 makes it 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 it is convenient for both of you.

Call us today, let’s start the loan app process! 407-834-3377.
Posted by Holly Ecimovic on December 8th, 2021 10:55 PM


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Contemporary Mortgage Services, Inc

498 Palm Springs Dr Suite 220
Altamonte Springs, FL 32701