Don’t like the tons of paperwork when you apply for home loans, or when you refinance, for that matter? You can thank the financial crises of 2008.

You might think that just because you have great credit and stellar financial qualifications, you shouldn’t have to be burdened with as much paperwork. Let me start by saying that I totally agree with you, but for better or for worse, the paradigm has shifted since 2008. I guess that's what happens when you allow people to get loans without even having to prove how much money they make. 

How to Have a Much Less Stressful Experience When You Apply For Home Loans in Northern Virginia

Ever since the 2008 financial crisis, federal laws have caused there to be more paperwork than before when you apply for home loans, even for people with great credit and large down payments. That said, your best bet for having a more streamlined experience with regard to loan documents is to go with a smaller local lender. There’s also much more accountability with local lenders, which usually makes for a much smoother experience with regard to the lender meeting your contractual deadlines. Ultimately, this means less hassle and less stress. I can’t tell you how many of my clients have had terrible experiences by assuming that the bigger bank that handles their personal banking and/or car loan will do a great job on their loan. Home loans are entirely different beast.

Before you apply for home loans, the first step in the lending process involves simply getting pre-approved. This process is quick, easy, and yet an important part of learning what goes into your housing payments besides your mortgage, and the price range of home in Northern Virginia that fits into your budget.

Call me at 703-462-0700 or email me  at DarrenRobertsonHomes@gmail.com if you’d like to shop around for the best interest rate and need some recommendations for great local lenders. You can quickly learn more about the pre-approval process and apply for home loans on McLean Mortgage’s website.