Mortgage Brokers First Second Third Mortgage | Page 6

What to Prepare, What to Do and
What to Expect on Your Online
Application For Your First Mortgage
• Make enquiry on your Credit Report.
• Credit report also influences your chances of getting your application approved and it
also determines if you will get a decent interest rate. This is the reason why lenders or
brokers are always swift in checking an applicant credit report before processing the
mortgage request. With this in view, a prior knowledge of your credit report will ensure
that you are in full control of mortgage dealings, especially as regard interest rates.
• What to expect
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The applicant's financial history
The applicant's employment
The authenticity of the documents presented to them.
The applicant's co-signatories
The applicant's collateral for the loan