3.1.1 Dealing with Financial Issues
In Getting Started, I stressed the importance of selecting a lender and starting the loan application very early in the process. If you haven’t applied for the loan, the contract will typically specify a brief time frame within which you must do so. Assuming that you’ve completed the application process, you still need to coordinate several things with your lender immediately after you contract on a home. First, you need to get a copy of the contract to the lender so that they know critical contract terms such as the purchase price, the loan type and amount, the location of