When should I obtain financing?

Once a contract has been signed and accepted by both parties, a copy of the contract should be brought to your lender and/or broker so the loan application process can start. Your lender/broker may request that a credit report be done so they can see what debts you have and check your credit history. Often required are copies of tax returns and recent pay-stubs for proof of income. The longer it takes to obtain a mortgage commitment the longer it will take to get your transaction closed.

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