Posted on: 25th Apr, 2014 05:09 pm
I'm about to complete a mortgage application. It's taken 2 months to process and I've had to produce so much information. The only thing I wasn't asked was to take a colonoscopy!
The last time I applied for a mortgage was 5 years ago and it was never this complicated or intrusive.
Q. Has the mortgage application process really become so complicated or was my broker screwing with me? I ask because I have a 5:1 equity to mortgage ratio! But it was starting to feel as though I had asked for a $trillion!!
The last time I applied for a mortgage was 5 years ago and it was never this complicated or intrusive.
Q. Has the mortgage application process really become so complicated or was my broker screwing with me? I ask because I have a 5:1 equity to mortgage ratio! But it was starting to feel as though I had asked for a $trillion!!
The whole process has tightened up and underwriters are ore cautious than ever - it isnt your broker.........
Brian Barnes
ENG Lending
50 States Lender
Brian Barnes
ENG Lending
50 States Lender