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Erika, Gene and Mike Gudenkauf are a dynamic real estate team, servicing the Hardin and Meade County communities. They specialize in single-family residential sales, new construction and relocation. The Gudenkauf's dedication to their clients, attention to detail, professionalism, and strong moral character have earned them a reputation for competency, honesty and integrity. Both Erika and Gene have earned the 100% awards from RE/MAX International. They are also corporate members of AUSA. If you are looking to purchase or sell real estate in the Hardin and Meade County area, be sure to call the experts. Call The Gudenkauf Team at (270) 351-2230 or (888) 470-7089.
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Financing Your Home >The Loan Application
When you have decided on a mortgage lender, you begin the loan process by filling out a loan application. You should be fully prepared to go over your current financial situation and credit history with the loan officer.
Have a record of all of your current bank accounts, including the name and address of bank(s), type of account(s), and approximate balance(s). Be prepared to provide details about outstanding loans, including student loans and major credit accounts. You will also need information about your assets, such as car title, stocks and bonds, and life insurance policies. If you foresee any credit problems, ask the loan officer for advice on how to keep them from interfering with approval of your mortgage loan. The loan officer can usually give you a prompt opinion about your chances for obtaining a mortgage.
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| Q |
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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