Applying for a Mortgage

When you've decided on a lender and have an understanding of the type of mortgage that best meets your needs, you will receive from your lender a mortgage application. The "Uniform Residential Loan Application" requires personal information such as your income, assets, liabilities, and a description of the property. You may need to pay an application fee that covers the lender's processing costs. Be sure to ask if the application fee is refundable. You can submit your application in person, by mail or fax, or online.

What are the next steps?

• Know what documents and information you will need.
• Understand the steps in the application process.
• Know what happens after you apply for a mortgage.