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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! Follow the list, and you’ll save yourself a lot of headaches and make the mortgage loan process a lot smoother. Proof of income. Businesses have expenses, which eat into how much you take home and have available to spend on a mortgage. Source: (Mangostar / ShutterStock).

Loans 104
Loans Mortgages Bankruptcy Purchase and sale agreement 104
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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

MARCH 31, 2022

Potential homebuyers will need to budget for a down payment, closing costs, monthly mortgage payment, and that doesn’t even include the cost of utilities. Second mortgage. Many other down payment assistance programs are offered in the form of a second mortgage. Forgivable second mortgage.

Closing costs 80
Closing costs Loans Closing Debt-to-income ratio 80
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