In order to make a right decision, you should assess not only the sum of money you need to borrow to buy a home, your family total income and the ability to repay the loan to the bank fully and regularly, but also to decide where to take a mortgage. Once you have decided for yourself the above mentioned issues, you may proceed to collecting the documents required for applying for a loan.
First of all, it will be necessary to submit documents confirming the employment potential of the borrower and the size of income to the bank. In addition, you will need to fill in a credit profile, select the desired loan program, and also to answer the standard questions. The bank analyzes the borrower's creditworthiness and takes a decision basing on this information.
Before you get a mortgage, the apartment purchase should be negotiated and agreed by the bank. Then the apartments should be appraised to state the market value and insured.