The mortgage application process begins with selecting a lender. Before applying for a loan, you should also check the current interest rates, terms and conditions, fees and loan package options offered by the mortgage lender.

          During the application process, you will have to provide a number of documents to the lender. Whenever you provide documents to the lender, ask them whether they require an original document. If they require an original, make sure you keep a copy for your records. Provide them the information that they need quickly.

         Once you've selected a lending institution, you will fill out the mortgage application. Provide all the details honestly in the application. Don’t try to exaggerate the state of your finances or credit. If you deliberately put incorrect information on your application, your loan could be rejected. Be sure that the lenders will only give you the money after conducting a thorough analysis of your financial situation. If you lie on your application, you could also stand to lose your down payment.

          In most cases, your mortgage approval will have come with some conditions. These may include satisfactory appraisal of the property, termite inspection report, and so on. Be aware of all these conditions. Adhere to the deadlines in your loan commitment for getting various things done.

          If you want to make any changes to your application, do so before the closing. Inform the lender immediately about changes in your financial status or employment. If you work as a team with your money lender, you will not face any problems.