If you are in the process of applying for a mortgage or refinancing your current mortgage there are steps you can take to ensure the process goes as smoothly as possible. Here are tips to help you along the way.

After you have selected a mortgage lender and a loan, you need to submit the application and required documentation. Applying for a mortgage is not a difficult process; however, there are potential hiccups that could delay your closing on the loan. If you are unable to close before the time frame your lender is guaranteeing your interest rate expires, you could miss out on the rate you selected.

Here is all you need for a stress free closing.

Required Documentation

Your lender may require you to document your income. This document could be in the form of pay stubs or tax returns going back two years.

If you are self employed your bank statements going back two years might be better than providing tax records; your mortgage lenders could discount a portion of your self-employment income.

If you receive any other income such as veteran