Mortgage Information

A real estate mortgage buyer info summary is a document that contains crucial information about the individual or entity purchasing a mortgage loan. It includes details such as the buyer's name, contact information, loan amount, interest rate, loan type, down payment, property details, closing date, lender information, credit score, employment and income information, property appraisal, insurance details, escrow accounts, loan conditions, and the loan officer's contact information. This summary helps parties involved in the real estate transaction understand the buyer's role and the terms of the mortgage loan.

Having a pre-approved mortgage gives you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home. Not to mention, if the home of your dreams comes up on the market, and you aren't prepared to make an offer you may lose a property to another buyer who is ready to make an offer