Financing
Financing your next home
Financing a home in retirement looks different than a first mortgage — and lenders who understand that make everything easier. Here's the path, start to finish.
- 01
Getting Started
A Green File should contain all of your important financial documents. Regardless of the loan type, lenders will need information about you. Make copies of financial statements; bank…
- 02
Know the numbers
Typically, it costs under $50 to check your credit. With your permission the lender will order a review of your outstanding loans and your repayment history from a…
- 03
Shop for a loan
Today, lenders can be found through a variety of sources. In addition to calling on ads in the newspaper, you can also find and apply to lenders over…
- 04
Get pre-approved
The pre-qualification process can be completed fairly quickly, based on less information than is required for getting pre-approved. While it is fast and it does help, a pre-qualification…
- 05
Applications & Processing
The mortgage broker is the person or company who is your main contact throughout your loan. They are often able to work with a number of lenders, who…
- 06
Funding
When the lender is ready to “close” your loan, or “fund” it, your real estate agent and your mortgage broker will have you sign the final loan documents.…