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

« Back to Blog « Older Entry | Newer Entry »

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.

6933 Comments

Reply curry shoes
22:24 on 21 November, 2020 
I really wanted to write down a quick note to be able to appreciate you for all the pleasant guides you are giving at this site. My prolonged internet lookup has at the end of the day been paid with reputable suggestions to go over with my close friends. I would believe that we website visitors are extremely endowed to be in a useful network with so many wonderful people with very beneficial solutions. I feel somewhat blessed to have seen your entire weblog and look forward to some more excellent times reading here. Thanks a lot once more for a lot of things.
curry shoes http://www.curryshoes.net
Reply yeezy shoes
22:24 on 21 November, 2020 
I must express some thanks to this writer for rescuing me from this type of incident. Because of scouting through the the net and finding recommendations which are not productive, I figured my life was over. Existing minus the approaches to the issues you've solved by means of your good website is a critical case, as well as ones which may have adversely affected my entire career if I had not noticed your web blog. Your main competence and kindness in taking care of all the stuff was useful. I am not sure what I would have done if I hadn't encountered such a step like this. I am able to at this point look forward to my future. Thanks for your time very much for this expert and results-oriented help. I will not hesitate to recommend your blog post to any individual who should get assistance on this topic.
yeezy shoes http://www.shoesyeezy.us
Reply kyrie 6 shoes
22:24 on 21 November, 2020 
I precisely had to thank you very much again. I'm not certain what I would have taken care of in the absence of these tips discussed by you on such topic. It was before the frightful dilemma in my circumstances, but witnessing a new expert tactic you handled it took me to jump over contentment. I'm just thankful for your guidance and in addition pray you know what a powerful job you have been getting into instructing some other people through the use of your blog. Probably you haven't encountered all of us.
kyrie 6 shoes http://www.kyrie-6.com
Reply air jordan
22:24 on 21 November, 2020 
I together with my guys appeared to be digesting the excellent recommendations on your web blog while all of a sudden developed a terrible feeling I had not expressed respect to the web blog owner for those techniques. My men were definitely consequently glad to see them and already have in actuality been tapping into them. Appreciate your indeed being really helpful as well as for picking out certain fantastic issues millions of individuals are really desperate to be informed on. My honest regret for not expressing gratitude to earlier.
air jordan http://www.jordanstoreonline.com
Reply moncler sale
22:24 on 21 November, 2020 
My spouse and i were lucky when Jordan could conclude his investigation through the precious recommendations he got when using the web site. It is now and again perplexing to just find yourself handing out key points which some people might have been selling. We really keep in mind we need you to be grateful to for this. Most of the illustrations you made, the simple web site navigation, the relationships you will give support to engender - it's everything astonishing, and it's making our son in addition to our family imagine that this matter is pleasurable, which is certainly incredibly pressing. Thank you for the whole thing!
moncler sale http://www.moncleroutletsale.us.com
Reply yeezy outlet
20:56 on 20 November, 2020 
I simply had to appreciate you again. I do not know the things that I could possibly have taken care of in the absence of these aspects revealed by you concerning such a question. It was a scary dilemma in my circumstances, nevertheless observing your specialised technique you dealt with that made me to weep over happiness. I will be happier for the guidance and in addition sincerely hope you comprehend what an amazing job you are putting in teaching men and women through your site. Most likely you've never got to know all of us.
yeezy outlet http://www.yeezyboostoutlet.us.com
Reply jordan 1 off white
10:02 on 20 November, 2020 
My spouse and i ended up being so contented that Jordan could finish up his research while using the ideas he got using your site. It is now and again perplexing just to continually be offering helpful tips that other people have been trying to sell. We fully grasp we have the website owner to thank for that. The illustrations you made, the straightforward web site navigation, the relationships your site help promote - it's got mostly impressive, and it is aiding our son and our family know that that concept is amusing, which is certainly really serious. Thanks for the whole thing!
jordan 1 off white http://www.offwhitejordan1.us.com
Reply cheap jordans
10:02 on 20 November, 2020 
I am commenting to make you know of the magnificent encounter my cousin's girl found reading your site. She noticed so many pieces, not to mention what it's like to have an awesome coaching character to have other folks with no trouble gain knowledge of certain tortuous topics. You undoubtedly surpassed people's expectations. Many thanks for displaying such warm and friendly, dependable, edifying and in addition easy tips on your topic to Evelyn.
cheap jordans http://www.jordansforcheap.us.com
Reply yeezy boost 350 v2
10:02 on 20 November, 2020 
Thanks a lot for giving everyone an exceptionally spectacular chance to read critical reviews from here. It is always very terrific and full of fun for me and my office acquaintances to visit your site the equivalent of three times every week to read the fresh secrets you have. And indeed, I'm just actually fulfilled considering the striking techniques you give. Selected two points in this posting are easily the best we've had.
yeezy boost 350 v2 http://www.yeezy-v2.com
Reply jordan retro
10:02 on 20 November, 2020 
My wife and i have been really fulfilled that Michael could complete his investigation with the ideas he grabbed from your own web pages. It is now and again perplexing just to possibly be giving for free techniques which usually the rest have been making money from. And now we keep in mind we need the blog owner to give thanks to for this. Those illustrations you've made, the easy site navigation, the friendships you help promote - it is everything impressive, and it's really letting our son and us feel that the subject matter is cool, which is certainly rather fundamental. Many thanks for the whole thing!
jordan retro http://www.jordan-retro.us.com
Reply spongebob kyrie 5
10:01 on 20 November, 2020 
My spouse and i were now thrilled when Louis managed to round up his web research from the ideas he discovered out of your weblog. It's not at all simplistic just to find yourself offering strategies which people today may have been making money from. And we all take into account we have the blog owner to appreciate for this. The type of illustrations you have made, the easy website navigation, the friendships you can help to promote - it's got many unbelievable, and it's assisting our son and our family do think the matter is fun, which is certainly really indispensable. Thanks for the whole thing!
spongebob kyrie 5 http://www.kyrie5spongebob.us
Reply yeezy boost 350 v2
18:58 on 19 November, 2020 
I must express my appreciation to this writer just for bailing me out of this type of circumstance. Just after exploring throughout the world-wide-web and seeing tricks which are not pleasant, I assumed my entire life was over. Existing without the presence of solutions to the issues you have solved by way of your article is a critical case, as well as the ones that could have adversely damaged my entire career if I hadn't encountered your blog post. That expertise and kindness in controlling the whole lot was priceless. I am not sure what I would've done if I had not discovered such a stuff like this. It's possible to now relish my future. Thanks for your time very much for your high quality and effective guide. I won't think twice to refer your blog post to anyone who wants and needs recommendations on this problem.
yeezy boost 350 v2 http://www.yeezyboost350v2s.us
Reply curry 7 sour patch
18:58 on 19 November, 2020 
I simply needed to say thanks once more. I do not know the things that I would have gone through in the absence of the actual ideas revealed by you directly on that situation. This has been a real hard situation in my circumstances, however , finding out your specialised fashion you managed that forced me to cry with gladness. I'm thankful for this service and then wish you really know what a powerful job you happen to be providing instructing the mediocre ones all through your webblog. I am certain you haven't met any of us.
curry 7 sour patch http://www.curry7.net
Reply kd shoes
18:57 on 19 November, 2020 
I wanted to put you this very small observation so as to give thanks once again for all the nice secrets you have discussed in this case. This is so surprisingly open-handed with you to give freely all that most of us would've marketed as an ebook to help make some bucks on their own, precisely considering that you could have done it if you ever wanted. Those tips as well worked to be the great way to understand that other individuals have a similar dreams really like mine to understand good deal more related to this problem. I believe there are millions of more enjoyable occasions ahead for many who read through your blog.
kd shoes http://www.kd-shoes.us
Reply supreme clothing
18:54 on 19 November, 2020 
I wanted to type a comment in order to express gratitude to you for these great advice you are sharing here. My time consuming internet search has now been paid with awesome content to go over with my guests. I 'd express that we visitors actually are extremely endowed to be in a magnificent site with so many perfect people with good things. I feel extremely grateful to have discovered your entire webpage and look forward to many more fabulous times reading here. Thank you again for everything.
supreme clothing http://www.supremes-clothing.com
Reply hermes belt
2:50 on 19 November, 2020 
I in addition to my buddies came studying the best helpful hints from your web page and unexpectedly developed a horrible feeling I never expressed respect to the web blog owner for those strategies. All the women had been for that reason very interested to read through them and have now seriously been enjoying these things. Appreciation for being quite thoughtful and for pick out some tremendous areas millions of individuals are really desperate to know about. My very own sincere regret for not saying thanks to earlier.
hermes belt http://www.hermesbelts.com
Reply yeezys
2:50 on 19 November, 2020 
I have to voice my gratitude for your kindness for men who really want help on this particular topic. Your personal commitment to getting the solution all over had become incredibly valuable and have usually enabled professionals like me to get to their ambitions. Your amazing helpful help signifies a lot a person like me and additionally to my fellow workers. Thanks a ton; from each one of us.
yeezys http://www.yeezysshoes.us
Reply kobe 9
2:50 on 19 November, 2020 
Thanks a lot for providing individuals with an exceptionally spectacular possiblity to discover important secrets from this blog. It's always very pleasant and also packed with fun for me personally and my office colleagues to search your website the equivalent of 3 times per week to read the new stuff you have got. And of course, I am also always fulfilled considering the perfect creative ideas you serve. Certain 2 ideas on this page are essentially the most beneficial we have all ever had.
kobe 9 http://www.kobebasketballshoes.net
Reply supreme hoodie
2:50 on 19 November, 2020 
I as well as my pals were looking through the best pointers on your web blog then the sudden I had a terrible suspicion I never expressed respect to you for those strategies. All of the ladies are actually as a result happy to see all of them and have in effect surely been taking pleasure in those things. Appreciate your actually being well helpful and for utilizing this sort of ideal information millions of individuals are really desirous to be informed on. My personal honest apologies for not saying thanks to you sooner.
supreme hoodie http://www.supremehoodies.us
Reply goyard bags
2:50 on 19 November, 2020 
I am also commenting to make you be aware of of the nice encounter our child went through visiting the blog. She realized too many pieces, which include what it is like to have a wonderful helping nature to let many people without hassle know specified complicated topics. You actually surpassed my expected results. Thanks for delivering these practical, trusted, educational not to mention fun tips on this topic to Mary.
goyard bags http://www.goyardus.com

Categories

0
/
Lightbox image