Posted on: 23rd Mar, 2012 08:02 am
Now-a-days the important of land is increasing and simple man can't purchase land. If you want to buy land and you have enough money then you can buy land with the help of mortgage. There are many steps to buy mortgage loan carefully which are I have mention below:
=>Contact the mortgage broker and know about them. They are good for us or not because we want to got mortgage from them.
=>Check the either your loan officers have completed the federal SAFE act education and take the federal SAFE act test. If you have loan officers that failed the SAFE act test four times, terminate them from employment because these employees will have to wait for another six months before they can take the test for the fifth time.
=>And check all the documents which want mortgage broker those are right or not.
If you have more information about this then you can discuss here.
=>Contact the mortgage broker and know about them. They are good for us or not because we want to got mortgage from them.
=>Check the either your loan officers have completed the federal SAFE act education and take the federal SAFE act test. If you have loan officers that failed the SAFE act test four times, terminate them from employment because these employees will have to wait for another six months before they can take the test for the fifth time.
=>And check all the documents which want mortgage broker those are right or not.
If you have more information about this then you can discuss here.
Thank you for sharing this. Land loans are available with all the major banks and credit unions. You need to contact them in order to qualify for a loan.
In order to get land loans, the borrowers will have to meet the required criteria of the lender. They should have excellent credit score and good employment situation. Unless these 2 criteria are fulfilled, it will be difficult to qualify for a loan.
Thanks for the advice Mr. jameshogg and Mr. adonis.
You're welcome!!