Applying For A Loan With NLC
National Lending Corporation

When applying for a loan with NLC, we get you involved completely in the process. If there's somebody who needs to care about your loan, that'll be both you and NLC. :-)

Applying For a Loan With NLC
The Step-By-Step Process:

• There would be an initial interview by your friendly loan officer to discuss the potential loan. You will be asked to prepare personal information to verify income, assets, and debts. Usually an appraisal fee will have to be paid when you submit the mortgage application.By the end of the conversation, you will have an idea if you qualify for the type of loan that you prefer.

• Fill up a quick loan application form online.

• We will send you a loan application package including loan disclosures and a checklist of items you need to provide.

• You will need to sign and submit all documents, provide copies of the requested items and return all of the information to your loan originator of National Lending Corporation.

• NLC will begin the work of verifying all the information you've provided. This process can take anywhere from one to four weeks, depending on the type of mortgage you choose, whether you're buying a home outside your local community, or a host of other factors.

• Within three business days after your signed application, we will give you a good faith estimate of your closing costs. You'll also get a statement that shows your estimated monthly payment, the cost of your finance charges and other facts about your mortgage.

• Stay in touch with us to speed up the application process. Some home buyers find the closing process to be one of the most intimidating aspects of buying a home because it's so unfamiliar. If so, ask us what to expect at your closing.

• The mortgage lender may do a final check of your credit report or bank accounts to make sure you're not assuming more debt or spending your cash reserves. There are steps you can take if your loan is denied.
  
  
• After your loan is approved, you will be required to sign the final loan documents. This will normally take place with an attorney, title company or notary public depending on the state practice.

• Be prepared to bring a cashier check for your down payment and closing costs if required. Personal checks are normally not accepted.

• Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.

• Sign the loan documents. Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions federal law requires that you have 3 days to review the documents before your loan transaction can close.

Applying For a Loan With NLC
To Improve Your Chances OF Getting Approved:

• Fill out the loan application completely.
• Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
• Do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.
• Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.
• Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf.

Congratulations!

When applying for a loan with NLC, you will find an advocate helping you make the most of your homebuying dollar.

What could be more rewarding than bringing up that smile on your face after everything is through?... whew!

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