Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Marsha, a proven Harrah, Choctaw and Eastern Oklahoma County, Oklahoma NUMBER1EXPERT™ Top Selling real estate agent. Find Harrah, Choctaw and Eastern Oklahoma County Homes - Find Harrah, Choctaw and Eastern Oklahoma County, Oklahoma real estate listings & homes for sale provided by Marsha, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from Marsha, a proven Harrah, Choctaw and Eastern Oklahoma County, Oklahoma NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Marsha, a proven Harrah, Choctaw and Eastern Oklahoma County, Oklahoma NUMBER1EXPERT™ Top Selling real estate agent. Harrah, Choctaw and Eastern Oklahoma County Information - Find local information on Harrah, Choctaw and Eastern Oklahoma County, Oklahoma including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Marsha, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Marsha, a proven Harrah, Choctaw and Eastern Oklahoma County, Oklahoma NUMBER1EXPERT™ Top Selling real estate agent. About Marsha - Information about Marsha including testimonials, guarantees, credentials, and contact information. Learn why Marsha is a proven Harrah, Choctaw and Eastern Oklahoma County, Oklahoma NUMBER1EXPERT™ Top Selling real estate agent.
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
|
|
| Q |
Who is "Fannie Mae" and why is she a big name in real estate?
|
| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
