|
Banking on a Mortgage:
Mortgage Providers|
Loan Options | ARMs
| Balloon Mortgage | Downpayment
| Pre-approval & Sales Contracts
| From Application On | Predatory
Lending
Pre-approval & Sales Contracts
The typical buyer walks through nine homes, searches eight weeks
and moves 18 miles from their previous residence.
Once you find a home, make an offer and finish all negotiations,
the contract is ratified. Your lender will require a copy of the
original ratified sales contract to include as part of your loan
package.
Your ratified contract will include:
| • |
The total sales/purchase price
you are paying for your home |
| • |
Any sales concessions
made by the seller and yourself |
| • |
Mortgage conditions to be satisfied prior
to closing |
| • |
Date of closing and occupancy |
Next: From Application On...
Mortgage Providers|
Loan Options | ARMs
| Balloon Mortgage | Downpayment
| Pre-approval & Sales Contracts
| From Application On | Predatory
Lending
|
