Understanding the mortgage underwriting process
What to expect from start to finish when lenders evaluate you for a home loan.
About the author
Laurie is an editor on Bankrate’s Home Lending team. She previously worked as a copy editor in the higher education space, including at BestColleges and Affordable Colleges Online. Prior to that, she worked in marketing and public relations at Binghamton University while earning her master's degree. She regularly writes a blog, Better By The Beat, to educate and empower the chronic illness community.
As an editor, Laurie’s universal goal is to create content that helps people cultivate and lead their best lives. When she's not editing for Bankrate, she enjoys reading, writing stories, blogging and exploring the beautiful outdoors of New York State.
Laurie wants you to know
Recently, my husband and I left behind the apartment life and bought our first house. One of my biggest tips for first-time homebuyers is to shop around and compare offers from at least three mortgage lenders. By doing so, we were able to lock in a lower rate with a local credit union offering a special deal, despite the high-rate environment. It's also helpful to draft a list of questions for each lender so you can easily compare your options and nail down the best fit for you. The homebuying process can seem overwhelming at times, but it's all worth it in the end when you get the keys to your new home!
What to expect from start to finish when lenders evaluate you for a home loan.
If you’re shopping for a mortgage, you better know what it means.
Although lenders can provide the same end product, not all are created equally.
One tends to be more expensive, but it also offers more homebuying options.
It’s a win-win plan — if you can afford it, of course.
It could be a good deal, depending on how you think interest rates are trending.
Here’s how a Bankrate editor bought her first home in a super-hot housing market.
Yes, shopping around can make a difference and save you thousands.
Eyeing a beach bungalow or a mountain lodge? Read these tips first.
The down payment question may sound like a simple one, but it has many answers.
The average down payment for first-time homebuyers is considerably less than the oft-quoted 20 percent down payment requirement.
It’s not as easy to refinance your mortgage when you have equity debt. Here are the options.
These loans are made for folks who are struggling to afford a home of their own.
There’s a flip side to every form of financing, and VA loans are no exception.
You’ll need to do a bit of legwork to find a good fit, but it’s worth it to get one of these loans.
Wondering what to ask a mortgage lender when you’re shopping around for offers? Here’s a list of questions to ask a mortgage loan officer.