Like most people, you will probably wait until submitting a purchase contract on a home before applying for a mortgage. By then, not only will you know the specific property you want, but also how much you need to borrow. At that point, the lender will require that you fill out a loan application and reveal specific information about your current and past financial situations.
Full article at http://www.mloans.net/do_you_qualify_for_a_loan.htm
Friday, November 23, 2007
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