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Tips for Effective Mortgage Loan Processing

Mortgage brokers and lenders agree to the fact that mortgage loan processing is a time-consuming and frustrating process. The entire mortgage lifecycle- including processing, underwriting, and closing requires a large amount of documentation, thereby delaying the entire process. At the same time, if planned properly and carefully, mortgage loan processing can be streamlined to achieve […]


Loan application process

In addition to determining the type of mortgage you’d like to pursue and determining your interest rate, gathering the right documents is a critical step that can save time and frustration down the road. To ensure a smooth loan application process, you’ll likely need to collect: Name and address of employer(s) for the past two […]

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Buying a home can be nervewracking, especially if you’re a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complicated and fraught with unfamiliar lingo and surprise expenses. To make the first-time home buying journey a little less stressful, NerdWallet has compiled these 25 tips to […]

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Weigh the pros and cons of buying a home

Owning a home can be a rewarding experience, but it’s important to prepare for this major milestone. Carefully weigh the pros and cons of purchasing a home versus continuing to rent, and determine whether buying a home is the right decision for you and your family.



While buying a house can be rewarding, it can be labor intensive and expensive. Leaky roofs, plumbing issues and other home repairs can add up. Consider the cost of general maintenance and unexpected expenses when determining if you’re ready for homeownership.

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Take a look at your credit report and FICO score. They will impact your overall loan costs. Once you get your free annual credit report, comb through it for any errors or unresolved issues and contact the appropriate credit-reporting bureau – Experian, Equifax and TransUnion – to ensure they are corrected. You can obtain your credit […]

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Get pre-qualified

Your SunTrust Mortgage loan officer can help you determine the loan amount you might qualify for through a pre-qualification1 process. Being pre-qualified before searching for a home is very useful because it helps you look for homes within your price range. Real estate agents also appreciate buyers who submit offers on homes with a pre-qualification letter. […]

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Prepare a budget

While pre-qualification can serve as an estimate of what you may be able to borrow, it’s equally important that you feel comfortable with your monthly payments. Before applying for any loan—and especially for something the size of a mortgage—it’s important to determine how much you can afford to pay each month. Look at all current monthly […]

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Contact a local insurance agent for an estimate on a comparable property in the area you’re considering. To get a better idea of what you’ll pay in taxes, check the local property assessor’s website. Remember that the amount of taxes a homeowner is currently paying and what you can expect to pay may differ depending […]


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Most mortgage programs require you to make a down payment when you purchase a home. The amount of the required down payment will vary, depending on the type of mortgage program

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 Begin your home search

Decide on a location and identify the features you want in a home. Check local listings, compare prices of similar homes and consult with your real estate agent to help determine the amount you can expect to pay. If you’re not already working with a real estate agent, consult with friends, neighbors or a local […]

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