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Welcome to Commercial Real Estate Loans.net, we try to help you to get your mortgage. After the contract is signed, it's time to apply for a mortgage. This stage can be much less stressful if you understand and are prepared for the process. We hope you find ours work helpful.

Your loan application is often you only communication with those who may be willing to invest a lot of money in you. The longer it takes for you to be approved for a loan, the more likely something may go wrong such as interest rates going up or the property being damaged. so you will want to do everything you can to make the process speedy.

Mortgage lenders require home buyer to prove they have enough cash to cover the down payment (if any), closing costs, fees, and any moving expenses there may be. You may need to provide the lender with the past three to six months of every:
- Bank statement
- Brokerage account.
Then lenders will verify your current and average balances for the last two to six months.

You will need to prove your ability to repay what you borrow by proving the lender with your last two pay stubs. The lender will verify your employment within the last two years and will ask your current employer about:
- Any time you may have spent unemployed during that period;
- The likelihood of any pay raises;
- Consistency of bonuses, commissions, or overtime, if applicable;
- Likelihood of continued employment.
Other income. You will want to provide your lender with year-end statements and other documents that prove:
- Income from securities or trust for which you will need to prove two years' tax returns;
- Social Security, disability, alimony, or child support only if you want it to be considered;
- A lease agreement to prove rental income, if applicable.

Lenders will be looking at how you handle debt, and you will need to prove you've been a trustworthy borrower in the past. Your credit report will provide them with at least the following information.
- Your credit card statements;
- Any open credit lines from lenders such as your bank;
- Any loans such aas school or car loans and what you owe;
- Any legal judgment against you.

- Typically, you're allowed to borrow up to 50% of amount vested in your 401(k) to buy a home. Amounts vary, however, from plan to plan. There's no set rule.
- A credit report fee and the appraisal fee are usually required when you submit the mortgage application.
- Relatives and close friends may give you cash gift for you down payment, but you may need to prove that it's in your account and not a loan (because a loan would add to your debt).

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