What Does The Mortgage Process Involve?
The time has come. You are ready to take a big step and buy a home. Depending on your situation, there are several documents that you might need when you apply for a mortgage loan. Because of the subprime mortgage crisis from 2007 to 2010, the mortgage process requires more work than it did before 2007. The economy faced issues because many borrowers couldn’t afford their mortgages and defaulted on their loans. To prevent a similar problem in the future, Congress passed laws