What is the Mortgage Application?
The actual, literal application. On the mortgage application, you’re asking for a loan and sharing the information we need to process it. The initial application is the first draft of a “living” document that takes shape as we gather information. If you see anything in need of an update, let us know. You’ll sign the final version at closing.
You say stuff to us on the mortgage application. We say stuff to you on the disclosures.
Note: We know bank, loan, and credit card balances are dynamic. Our forms always reflect the most recent information we have on file — bank balances from your bank statement or digital asset reports and loan and credit card balances from your credit report.
In addition to our glossary, we have a library of downloadable PDFs that cover the truth-in-lending statement, the good faith estimate, and all the mortgage fundamentals.
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We have a growing YouTube library of videos covering every part of the mortgage process. Head over and explore, and don’t forget to subscribe (and turn on notifications so you don’t miss new videos!)
