Home-connected paperwork are also essential. Borrowers have to deliver the home’s title to confirm ownership and be certain there are no liens. An appraisal report establishes the house’s market place worth, which impacts the loan-to-worth ratio. *Dependant on 2024 HMDA-reported loan origination unit volume; excludes correspondent loans. Determined by Rocket https://rowanzrmgw.ampedpages.com/the-definitive-guide-to-cash-to-new-loan-64537247