The Mortgage Process
PRE-APPROVAL Start strong! We review your credit, income, and financial details to provide a pre-approval letter. This helps you understand how much home you can afford, so you can shop confidently. DOCUMENTATION We’ll guide you on what paperwork to provide (like pay stubs, bank statements, and tax returns). With your pre-approval in hand, you’re ready to start the home search. Your real estate agent will help you find the right property and negotiate the price and terms of the sale. Our team will then guide you through every detail to keep the financing process smooth and stress-free. YOUR HOME SEARCH INSPECTION AND APPRAISAL Lenders require an appraisal and may require certain inspections on all home sales. By knowing the true value of the home, the borrower is protected from overpaying. During this time, a title examination is also performed to determine whether any liens exist on the property’s previous owners LOAN DECISION Our team processes your file and submits it to underwriting for final review. We work quickly and thoroughly to get you that “clear to close.” WEEKLY UPDATES Your Loan Officer will provide a weekly status update to you and everyone involved in the transaction, keeping all parties on the same page from contract to close. We also send additional updates at key milestones, but our weekly check-ins ensure nothing gets missed and everyone knows what to expect throughout the process. CLOSING You’ll review and sign your final loan documents, pay closing costs, and get the keys to your new home. It’s time to celebrate!
1
2
3
4
5
6
7
Made with FlippingBook - professional solution for displaying marketing and sales documents online