Shopping Basket
Your Basket is Empty
Quantity:
Subtotal
Taxes
Delivery
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should receive an order confirmation from Paypal shortly.Exit Shopping Basket

Blog

Blog

Understanding the Process

Posted on 23 October, 2017 at 22:00

The mortgage process is complex. There are many pieces that must come together when securing finances to purchase a house: income, insurance, appraisals, inspections, credit scores, to name just a few. Each piece comes together like a jigsaw puzzle to complete a home loan. And, like a puzzle, if just one piece is missing, the entire process is incomplete.

The first step of the mortgage process is completing your loan application. In addition to preliminary disclosures and information about the current interest rate, you’ll be given a list of documents that your mortgage team needs to begin your pre-approval process. Then comes the loan set-up. This is where third-party documentation like your home appraisal and title search is ordered. Before your loan can progress, a loan processor puts everything together to send to underwriting for approval. An underwriter reviews and evaluates all of your documents to determine if it is a good idea to loan you money for a particular house. If something is missing or incomplete, the underwriter will send your application back and you’ll have to work with your loan processor to fix or resolve any issues. Things can be delayed if something has been overlooked or forgotten by your mortgage team.

Once your loan application gets approval from the underwriter, the final loan papers are sent to the title company. The title company prepares a settlement statement that includes the final amount of money needed to close on the house. A good mortgage team will make sure that there are no surprises at closing and that everything falls into place at the right time.

Throughout the mortgage process, things occur sequentially and many of the steps are dependent on the thing before. Your mortgage team acts as a coordinator of each piece to help ensure that everything is falling into place and getting done. If something is missing or incomplete, your mortgage (and therefore your move-in date) can be delayed. It is critical that your mortgage team stay on top of things as your loan progresses. No one wants to have their closing date delayed because of an oversight or paperwork error. Getting a mortgage is a complex process and you can trust the professionals at Team Neal to be reliable and keep you informed about each step of the process. 


Categories: Mortgage Approval Process, First Time Homebuyer

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

3682 Comments

Reply PaulIcent
1:17 on 21 January, 2021 
viagra 50mg online india buy online viagra tablets in india buy generic viagra 100mg online buy azithromycin terramycin tablets price
Reply curry 6
20:45 on 20 January, 2021 
I am just writing to make you know of the fantastic discovery my wife's girl gained viewing your site. She picked up many issues, which include what it is like to possess a very effective giving mindset to make the rest without difficulty fully grasp a variety of tortuous things. You actually did more than people's expectations. Many thanks for showing such necessary, dependable, explanatory and also cool tips about this topic to Sandra.
curry 6 http://www.curry6.net
Reply KiaIcent
19:05 on 20 January, 2021 
clomid nz prescription
Reply golden goose
17:24 on 20 January, 2021 
My spouse and i have been so happy Raymond could conclude his web research with the precious recommendations he was given using your web site. It is now and again perplexing to simply choose to be offering facts which some other people may have been making money from. And we remember we have got the blog owner to be grateful to for this. All of the explanations you've made, the straightforward website navigation, the relationships your site aid to promote - it's got many extraordinary, and it is helping our son in addition to our family imagine that that content is entertaining, which is certainly pretty important. Thanks for all!
golden goose http://www.goldengooseofficial.com
Reply JasonIcent
16:49 on 20 January, 2021 
prednisone cream otc online purchase viagra hydrochlorothiazide 2.5 mg 80mg bactrim tetracycline cream buy order avodart online allopurinol tablets medical mall pharmacy sure save pharmacy buy online female viagra canada
Reply golden goose sneakers
15:18 on 20 January, 2021 
Needed to create you the little remark in order to say thanks a lot again on the incredible tips you have discussed on this website. This has been certainly wonderfully generous of you giving without restraint what a lot of people could have offered for sale as an ebook to help make some profit for themselves, certainly considering that you might have done it in the event you desired. Those techniques additionally acted like the great way to comprehend someone else have a similar dreams just as mine to grasp great deal more around this condition. I know there are several more enjoyable sessions up front for individuals that read your site.
golden goose sneakers http://www.golden-gooses.com
Reply lebron shoes
15:17 on 20 January, 2021 
I'm just writing to make you know what a useful encounter my princess enjoyed viewing your blog. She picked up so many issues, most notably what it is like to have a marvelous giving style to let others completely learn a number of complex issues. You actually did more than visitors' expectations. I appreciate you for producing these warm and friendly, trusted, explanatory and as well as fun thoughts on the topic to Sandra.
lebron shoes http://www.lebronjames-shoes.us.com
Reply golden goose
15:15 on 20 January, 2021 
I am also commenting to make you be aware of what a fabulous experience my wife's girl experienced studying yuor web blog. She even learned many details, including what it is like to have an excellent helping heart to make the others with no trouble learn several advanced issues. You actually did more than her expectations. Many thanks for supplying such productive, dependable, revealing and also easy tips on that topic to Emily.
golden goose http://www.goldengoose-shoes.us.com
Reply curry 7
15:15 on 20 January, 2021 
I precisely wished to say thanks once again. I do not know what I would have carried out in the absence of the actual aspects discussed by you relating to such field. It seemed to be a real horrifying issue for me personally, nevertheless finding out a skilled mode you handled that forced me to jump with gladness. Now i'm happier for this help and then hope that you are aware of a powerful job your are providing instructing other individuals all through a web site. Probably you have never met all of us.
curry 7 http://www.curry7.us
Reply supreme clothing
15:14 on 20 January, 2021 
I want to show my love for your kind-heartedness giving support to people who need guidance on this field. Your very own commitment to passing the solution across had been rather helpful and has specifically allowed regular people just like me to get to their aims. Your interesting suggestions means much a person like me and a whole lot more to my office colleagues. Thanks a ton; from everyone of us.
supreme clothing http://www.supremesclothing.us.org
Reply MarkIcent
9:53 on 20 January, 2021 
buy cheap vardenafil stromectol medication doxycycline 50mg tablets price hydroxychloroquine brand
Reply curry 6 shoes
4:30 on 20 January, 2021 
I have to show some thanks to this writer just for rescuing me from this type of matter. As a result of browsing throughout the the net and seeing thoughts that were not pleasant, I assumed my entire life was over. Existing minus the answers to the difficulties you've fixed all through this post is a serious case, and the kind that might have in a negative way affected my entire career if I hadn't come across your site. Your own training and kindness in controlling the whole lot was crucial. I'm not sure what I would've done if I had not come across such a solution like this. I can at this moment look forward to my future. Thanks so much for this skilled and effective guide. I will not hesitate to endorse the sites to any person who wants and needs recommendations about this subject matter.
curry 6 shoes http://www.curry6.net
Reply Payday
3:47 on 20 January, 2021 
payday advances advance payday loans online online payday loans tx instant online loans short term loan
Reply Payday Loan
22:40 on 19 January, 2021 
500 loans person loans
Reply Loans
21:47 on 19 January, 2021 
credit loans
Reply yeezy boost
21:18 on 19 January, 2021 
I precisely needed to say thanks yet again. I do not know what I would've taken care of in the absence of the type of strategies documented by you relating to that area of interest. It previously was an absolute challenging concern for me, however , taking a look at the professional manner you solved the issue made me to cry over contentment. I am thankful for your work and thus believe you know what a great job your are getting into teaching the mediocre ones through the use of a web site. I am sure you have never encountered all of us.
yeezy boost http://www.yeezy-shoes.us.org
Reply CarlIcent
19:59 on 19 January, 2021 
cost of cialis per pill hydroxychloroquine plaquenil 200 mg tablet chloroquin viagra pills 100 mg where can i buy doxycycline capsules
Reply AmyIcent
17:40 on 19 January, 2021 
sildenafil 50mg india
Reply Fastest Payday Loan
15:00 on 19 January, 2021 
ez cash payday loans
Reply JudyIcent
14:38 on 19 January, 2021 
doxycycline 100mg price in india where to purchase cialis cheap discount cialis 5mg doxycycline 100mg tablet albuterol 83 hydroxychloroquine 900 mg stromectol buy uk how to get viagra united states ventolin inhaler no prescription zithromax 3 pills