Proof of your financial stability (pay stubs, account statements and list of expenses). But there's a time limit to these letters. Is a hard credit check (hard inquiry) required?

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We are in the process of buying a house and getting a mortgage from chase.

It’s been 3 weeks since the loan process started and we still don’t have the appraisal report in.

Closing date is supposed to be on the 23rd of this month but our loan status is still under conditional approval. It wasn’t that it was a hard loan. In fact i was putting $200,000 down on a $400,000 home and have excellent credit. Could take up to 10 days.

$1.5m price range and 20% down with a 30 yr fixed at 6.625% with 1 point ($12,000). Of course, once you sign a contract, you need to go thru the entire process. Chase isn't too bad to work with for your mortgage. Chase mortgage review showing how chase bank compares to other major lenders for mortgage rates, customer service, and loan options.

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Some aspiring homeowners use 28% of their gross monthly income to help determine a potential budget , while others might speak with a home lending advisor to clarify their mortgage options.

The chase mortgage affordability calculator can help provide a rough estimate of a potential budget to help you determine how much to spend on a house. Auto loans opens chase.com auto loans in a new window; A mortgage preapproval determines how much you can borrow for your mortgage. Here’s what to expect from your lender and how to navigate the preapproval process.

Conditional approval plays a key role in the mortgage process. It serves as a form of protection for lenders while also giving borrowers a clearer path toward securing their home loan. The conditions set by lenders vary, but often include meeting requirements including financial information such as credit scores, dti and assets. A mortgage preapproval letter shows how much home you can afford and lets the home seller know you're ready to buy.