The phrase "application for mortgage" is correct and usable in written English.
It can be used when referring to the formal request made by an individual or entity to borrow money for purchasing real estate.
Example: "I submitted my application for mortgage last week and am now waiting for approval from the bank."
Alternatives: "mortgage application" or "loan application for mortgage".
Established by a 1975 Act of Congress, Home Mortgage Disclosure Act data details the disposition of each application for mortgage credit, from the type of loan sought and various pricing information, to a series of demographic characteristics of the borrower applicant, including race or ethnicity, income, and more.
Applications for mortgage loans surged to a record last week, suggesting that the housing market showed few signs of stalling.
Mr. Leuthold noted that applications for mortgage refinancings had hit record highs and said such refinancings would produce savings for customers when they are completed before the end of the year.
With the rate of loan defaults falling, the housing market recovering, and businesses expanding, the banks' traditional lending and mortgage businesses have been doing very well — at least until the recent increase in interest rates, which has put a bit of a damper on applications for mortgage refinancing.
Total applications for mortgage loans in the U.S. rose last week, despite a slight rise in mortgage rates, according to an industry survey.
Already, applications for mortgages to buy homes have rebounded to nearly their pre-Sept.
Applications for mortgages fell for a second consecutive week as refinancing slumped and purchase requests slowed, the Mortgage Bankers Association of America said today.
An index of applications for mortgages fell last week to a three-month low as home purchases and refinancing declined.
A fourth consecutive week of declining applications for mortgages further suggested a cooling in the housing market.
An index that measures applications for mortgages rose last week, reflecting gains in refinancing and home purchases, the Mortgage Bankers Association of America said today.
