sdavis@gonorton.com
      (770) 235-6907

    Lake Lanier Homes for Sale | Sheila Davis Group -The Norton Agency | Leading Lake Lanier Real Estate AgentsLake Lanier Homes for Sale | Sheila Davis Group -The Norton Agency | Leading Lake Lanier Real Estate Agents

    LAKE LANIER REAL ESTATE – We are the #1 Lake Lanier Realtors, 20 Years selling Lake Lanier Homes for Sale - We help both Buyers and Sellers, Call today for a no-obligation home consultation 770-235-6907. Top Lake Lanier Real Estate, LakeLaniersFinest.com, Leading Agents Lake Lanier

    • Buyers
      • Why you should buy your home with the Sheila Davis Group
    • Sellers
      • Why you should list your home with us
      • Portfolio of our Solds
      • Client testimonials
    • Our Featured Listings
    • About Us
      • Sheila Davis, Realtor
      • Nicole Columbo, Realtor®, CLHMS
      • Stephanie Gillespie, Realtor®
      • Michelle Sparks, Realtor® CLHMS, PSA
      • Linda Thompson, REALTOR®
      • Jennifer Anderson, Realtor®
      • Company Profile -The Norton Agency
      • Lenders
    • Contact Us
    • Lake Lanier Communities

      Residential home communities on Georgia’s Lake Lanier

      • Chattahoochee Estates
      • Chestatee Cove
      • Chestatee on Lake Lanier
      • Cherokee Forrest
      • The Cottages of Lake Lanier
      • Cresswind At Lake Lanier
      • Cumberland on Lanier
      • Harbour Point Yacht Club
      • High Pointe
      • Marina Bay on Lake Lanier
      • Pointe South
      • Pointe West
      • The Reserve Club & Marina at Lake Lanier
      • Sidney on Lanier
      • St Michael’s Bay
    • Current Real Estate News
      • 2023 Lake Lanier Real Estate Forecast & 2022 Lake Lanier Real Estate Report
      • Lake Lanier Restaurants
      • Our Blog
      • Media – The Sheila Davis Group
        • Sheila Davis Group in the Real Producers of Atlanta Magazine December 2018 issue
    • View All Lake Lanier homes for sale
    • View All Lake Lanier Lots For Sale
    • What’s My Home Worth in Today’s Market?
    • Let us help you find your perfect home

    Applications & Processing

    [Financing]

    Mortgage Brokers and Lenders – Who Does What?

    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 actually provide the funds for the loan. Typically, the lender pays the mortgage broker a fee for acting as the intermediary and providing all the customer service.

    Filling Out the Application

    There are standard forms to be completed when applying for a loan. Some mortgage brokers keep these on their website so you can fill out and submit the forms on line. The information will be verified and used to qualify you for your loan, so take the time to answer questions accurately.

    Documentation

    The mortgage broker will need copies of the documents you began gathering in the first phase of the loan process, including:

    • Either 2 years of W-2 forms from your employer or 2 years of tax returns if you are self-employed
    • Recent pay stubs
    • 3 months bank and money market statements
    • Brokerage, mutual fund and retirement account statements
    • Proof of other income sources (alimony, trusts, rental income, etc.)
    • Credit card statements
    • Auto /boat / student / miscellaneous loans
    • Drivers’ license or form of ID
    • If you’re not a US citizen, then copy of your green card or visa
    • Copy of any existing mortgage debts if you are applying for a home equity line of credit or another mortgage

    Stay in Communication

    The lender will have an analyst, usually called an "underwriter", crunch your numbers and verify your documentation to confirm your ability to repay the loan. Once you are in contract on a property, there may

    also be a loan approval committee which will meet to review the underwriters’ conclusions regarding your creditworthiness, and to evaluate the property on which they are lending. This is called the underwriting process, and questions

    are bound to arise. Be sure to return your mortgage broker’s calls promptly to keep the process moving forward smoothly. Check in with your broker periodically.

    The Sheila Davis Group is part of The Norton Agency

    The Norton Agency, Gainesville, GA
    434 Green Street
    Gainesville, GA 30501   Copyright  © 2023
    Sheila Davis Group, All rights reserved
    770-235-6907
    Luxury Portfolio International Real Estate

    Sheila Davis Group Lake Lanier Real Estate Georgia

    The Sheila Davis Group is

    part of The Norton Agency

     

     

    The Norton Agency, Gainesville, GA

     

    434 Green Street

    Gainesville, GA 30501

     

    Copyright  © 2023

    Sheila Davis Group, All rights reserved 770-235-6907

     

    Privacy policy

    Luxury Portfolio International Real Estate

    Sheila Davis Group Lake Lanier Real Estate Georgia