Instant mortgage approval

1 hour cash advance direct lenders about obtaining your mortgage financing will lead to the creation of your virtual mortgage application. The information you provide for your virtual mortgage application is then fortified with your electronic submission of supporting income and asset docs. Your mortgage destiny (albeit subject to integrity review of the information you provide and an appraisal) will then be instantaneously decisioned using mortgage underwriting software. When you choose a home, a lender will want to ensure that the house is worth the price you plan to pay, as the loan amount approved is based on the value of the property. The home's value is the lender's best assurance that they can recover the money, even if you stop making mortgage payments. If you do stop, the lender has the right to sell your home to pay off the loan — a process called 'foreclosure.'