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Over 23 Years of Local Real Estate Experience. Call or E-mail Jill Smith Today 973-722-2234, JillSmith@Comcast.net!
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"Jill Smith is a superior Realtor"
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Becker Family, Short Hills, NJ
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For Home Sellers:
Why Sellers Choose Jill Smith - Why home sellers in Chatham, Harding and Madison choose Jill Smith. Free Presentation - Free in-home listings presentation on marketing your Chatham, Harding and Madison, in Union County New Jersey property. Property Valuation - How much is your Chatham, Harding and Madison home worth? What Did That Home Sell For? - What did that Chatham, Harding and Madison, New Jersey property or other real estate sell for? FSBO - Selling your Chatham, Harding and Madison real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Chatham, Harding and Madison Homes, For Home Buyers, For Home Sellers, Chatham, Harding and Madison Information, Real Estate Resources, and About Jill Smith.
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Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
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| Q |
What 45,000 sq.ft. home on 5-acres on Lake Washington is described as an 'adventurous house' by its owner?
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| A |
The home of Microsoft's Bill Gates ($40+ million) has a wall of 24 video monitors featuring art and film and a 60-foot pool. |
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