Preparing to Apply

Many people are somewhat nervous about the applying to have their home mortgage loan financed by a lending institute. This is understandable, since the mortgage loan process can be challenging for even the savviest of consumers.

Bankers Trust has been in the business of financing mortgage loans for many years. In fact, before its merger with Deutsche Bank, it was one of the largest banks in the United States.

Your Bankers Trust loan officer is an important resource. He or she will help you anticipate what the mortgage loan process entails. Like most lending institutions, Bankers Trust will require certain information and documents when you apply for your mortgage loan. These will likely include income verification (such as pay stubs and bank account statements) and documentation of your identity (such as a driver’s license or passport). Be prepared to provide information such as your residential addresses for the past two years.

The bank will also consider your credit history as reflected in your consumer credit report. It might be a good idea to obtain a copy of the report yourself beforehand, and make sure it is accurate. If you notice something that is outdated or incorrect, contact the reporting agency. They are obligated to correct any errors. If your credit report contains any irregularities, such as late payments, be prepared to explain them.

Your Bankers Trust loan officer will work with you to fill out the paperwork and assemble the documentation needed. He or she will be your advocate in the loan application process, and will be able to answer any questions you might have. As an experienced lender, Bankers Trust is there to help consumers get their mortgage loan financed with a minimum of hassle.