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About the Mechanicsburg, Camp Hill and Harrisburg, Pennsylvania Area 

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Real Estate Tips
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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Real Estate Trivia
Q 
What is the world's longest frontier?

A 
At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world.
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The Keith Sealover Team, REALTOR®, real estate agents and broker for Mechanicsburg, Camp Hill and Harrisburg, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

The Keith Sealover Team
Keller Williams of Central PA.

4242 Carlisle Pike, Suite 151
Camp Hill, PA. 17011
Office: 717-364-3808
Fax: 717-761-4338
Mobile: 717-574-1186
Email: keithsealover@NUMBER1EXPERT.com

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