Related topics
- - Uniform Residential Loan Application
- - Authorization to Verify Your Information
- - HUD Settlement Cost Booklet
- - Truth-in-Lending Disclosure Statement
- - ARM Disclosure Statement
- - Good Faith Estimate
- - Mortgage Servicing Disclosure Statement
When it's time to apply for your loan, you may meet with your loan originator and fill out the application together, or you may give the originator your information over the phone or via an online form. Some borrowers fill out the application themselves and bring it in. It's best if you can do the paperwork with your loan originator in case you have any questions.
However you fill out the paperwork, though, there's a lot of it, and it shines a bright light into all areas of your financial life. The information flows both ways: You tell the bank about your employment, your assets and liabilities, and your finances, and the bank gives you information about the loan and how much it will cost you. Read on to learn about the paperwork involved in a typical loan application.
