Financing is an aspect of buying real estate that if you are not aware of what may be required, and you are therefore not adequately prepared, then you will be running into surprises which can make the process seem cumbersome and stressful.
At ByBids™ Network, one of our goals is therefore to try and provide you information we know most lenders generally require. We belief if you are aware of what may be required, there will be no surprises, you will not have to worry about a Lender asking you to "bring this and bring that", you will already know what they will be asking you for, and if you are prepared, the process is sure to be much less stressful and more enjoyable for you. Below you will find information we hope will equip you with the knowledge to be prepared.
First, you need to know that when buying, financing is the responsibility of the buyer. When buying via a ByBids™ platform such as ForSaleByBids.com, there is generally No Financing Contingency, but if there is any, it will be clearly stated in the Sales Contract or Purchase Agreement.