Buffalo Real Estate Lawyer Richard H. Cole discusses the mortgage application process when purchasing a home. If you are considering purchasing property in Western New York, contact our dedicated real estate attorneys for a consultation. Let our experience work for you.
- As soon as a home inspection is conducted and the rider is executed, a property inspection addendum is completed. That is when the buyer can officially apply for their loan.
- Traditionally, the contract for sale and purchase specifies a number of days after completion of the required home inspection within which the buyer must apply for the loan – often, five days after the home inspection is satisfied.
- The buyer should immediately bring the application and any supporting documents to the loan officer.
If you need help or have questions about the mortgage application procedure, contact our Buffalo Real Estate Lawyers today to schedule a legal consultation.
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