Marrero is part of Jefferson Parish in Louisiana, just across the Mississippi from New Orleans. Like the rest of the Gulf Coast, Marrero was devastated by Hurricane Katrina. It is recovering more rapidly, however, and some people believe that Marrero may be the key to the future of the New Orleans area. Jefferson Parish has experienced more job growth than any other city in the nation since Katrina, and a lot of people are relocating there. The population of Marrero is nearly back to pre-Katrina levels, although not all of the local residents have returned yet.
If you are one of the people relocating to Marrero, you will find a thriving, diverse, unique community. There is so much history in this area—from pre-historic Native American archeology to museums. Europeans were in Marrero as early as 1600, which is far earlier than they were in New England. This is a beautiful place to live, with bayous, parks, beaches and the Gulf all within driving distance.
A thriving economy, natural beauty, history and the unique culture of New Orleans all make Marrero a very desirable place to live and work. Buying a home in Marrero may be one of the best choices you will ever make.
Homeowners who want to refinance or take out a home equity loan go through the same process to get a mortgage as homebuyers do. You start by finding a lender and applying for a loan.
When you apply for a home loan, the lender evaluates you and the home. He or she wants to know how creditworthy you are and how valuable the home is. Here is what the lender is looking for:
While you are looking for a lender, you can begin to gather the documents you will need. Be sure to submit copies of the documents, always keeping the originals. Here are some of the documents you will need:
When you apply for your loan, your lender has to provide you with some documentation, too. He has to give you a Good Faith Estimate and a Truth in Lending pamphlet within three days of your application.
As you can see, any home mortgage, refinance or home equity loan begins with finding a lender. You can start that process right here by completing the form on this page.
