Prequalifying for a mortgage helps you decide what type of mortgage you’ll likely qualify for by supplying information about your income, financial history and preferred mortgage terms. Documents needed for mortgage prequalification
Each milestone of your mortgage and homebuying journey comes with a set of documents pertaining to that step. The documents may be physical or electronic. For example, in some states you may use a security deed and in other states a deed of trust. The type of document and requirements may vary by state or loan type. Generally speaking, a mortgage is an official agreement between a lender and a homebuyer to use the property as security to buy a home. Imagine that! Here is your guide to essential mortgage documents. Your journey to homeownership is an exciting undertaking, but what about all the mortgage documents you’re required to send? Have no fear - we’re here to break down the most common documents needed to buy a home, and hopefully, it’ll become more manageable.
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