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.

6937 Comments

Reply nike sb dunk high
22:50 on 18 April, 2021 
I would like to show my love for your kindness in support of those people who need assistance with your area of interest. Your special commitment to getting the message up and down had become particularly beneficial and have frequently encouraged those just like me to reach their pursuits. Your amazing interesting guideline denotes a lot a person like me and especially to my office colleagues. Thanks a lot; from everyone of us.
nike sb dunk high http://www.sbdunk.us
Reply yeezy 500
22:49 on 18 April, 2021 
I not to mention my pals appeared to be looking through the best tips and hints found on the website then immediately I had a terrible suspicion I never expressed respect to the site owner for those tips. The guys are actually as a consequence excited to read through all of them and have now unquestionably been enjoying them. Appreciate your truly being simply accommodating and then for selecting this sort of helpful subjects millions of individuals are really needing to discover. My personal sincere apologies for not expressing appreciation to you sooner.
yeezy 500 http://www.yeezy-500.us.com
Reply off white jordan 1
22:49 on 18 April, 2021 
My spouse and i ended up being really joyful that Emmanuel could round up his reports through your ideas he grabbed through your web site. It's not at all simplistic to just find yourself handing out tricks that many others have been selling. We realize we've got the writer to thank for this. Those illustrations you made, the simple website menu, the friendships you will give support to engender - it's got many powerful, and it is letting our son and the family feel that that theme is amusing, which is certainly quite important. Many thanks for all!
off white jordan 1 http://www.off-whiteshoes.us.com
Reply off white hoodie
22:48 on 18 April, 2021 
I am commenting to let you be aware of of the superb encounter my friend's daughter undergone visiting your web page. She mastered lots of things, which include how it is like to have an excellent helping heart to make a number of people completely master specified impossible issues. You truly exceeded our own desires. Thank you for delivering the priceless, trustworthy, revealing and also unique tips about this topic to Jane.
off white hoodie http://www.offwhite.us.com
Reply air jordan
17:36 on 18 April, 2021 
I and my guys ended up following the excellent helpful hints found on your web site while before long got a horrible suspicion I never expressed respect to you for those strategies. The ladies had been consequently glad to study all of them and already have seriously been using these things. Thank you for genuinely quite helpful as well as for finding variety of tremendous information millions of individuals are really eager to be aware of. Our honest regret for not saying thanks to you sooner.
air jordan http://www.jordanshoes.us
Reply curry 7 shoes
17:33 on 18 April, 2021 
I enjoy you because of each of your work on this web page. My mum loves participating in investigation and it is obvious why. I hear all concerning the powerful method you offer very useful tactics via your website and in addition strongly encourage contribution from other people on this matter then our own daughter is without a doubt studying a great deal. Take pleasure in the rest of the new year. Your carrying out a pretty cool job.
curry 7 shoes http://www.curry7shoes.us
Reply supreme outlet
15:07 on 18 April, 2021 
I must express some appreciation to this writer just for rescuing me from this particular condition. Because of exploring through the internet and finding ideas which are not pleasant, I believed my life was well over. Existing without the approaches to the issues you've resolved by way of your main review is a serious case, and the ones which may have adversely damaged my career if I had not encountered your web site. Your own personal expertise and kindness in taking care of all things was important. I am not sure what I would have done if I had not encountered such a thing like this. It's possible to at this moment relish my future. Thanks so much for the expert and result oriented guide. I won't think twice to suggest your web sites to anybody who should receive guidelines about this matter.
supreme outlet http://www.supremesoutlet.us.com
Reply curry 7 shoes
8:09 on 18 April, 2021 
I truly wanted to jot down a quick remark in order to thank you for the marvelous ideas you are writing at this site. My considerable internet search has finally been honored with high-quality information to exchange with my partners. I would state that that many of us site visitors actually are unequivocally fortunate to dwell in a really good network with many brilliant people with good solutions. I feel somewhat lucky to have used the web page and look forward to so many more pleasurable moments reading here. Thank you once again for all the details.
curry 7 shoes http://www.curry7shoes.us
Reply curry 8
5:04 on 18 April, 2021 
I and my pals have already been looking through the best techniques found on the website and then unexpectedly I had an awful feeling I never expressed respect to the web site owner for those tips. The boys appeared to be so excited to learn all of them and have clearly been having fun with those things. Appreciate your actually being quite helpful as well as for deciding upon varieties of remarkable issues millions of individuals are really eager to understand about. Our sincere regret for not expressing gratitude to you earlier.
curry 8 http://www.curry8.us
Reply longchamp
5:04 on 18 April, 2021 
I have to express my gratitude for your kindness giving support to all those that have the need for guidance on this one issue. Your very own dedication to getting the message all through became definitely insightful and has continually helped some individuals just like me to achieve their objectives. Your warm and helpful publication implies so much to me and still more to my office colleagues. Best wishes; from each one of us.
longchamp http://www.longchampshandbags.us.org
Reply kyrie 5 spongebob
5:04 on 18 April, 2021 
Thank you a lot for providing individuals with remarkably wonderful possiblity to read critical reviews from this web site. It is usually very kind and stuffed with a good time for me personally and my office co-workers to search your blog nearly 3 times weekly to study the newest secrets you will have. Not to mention, I'm usually amazed considering the outstanding solutions you give. Certain 3 tips in this article are undeniably the best we have had.
kyrie 5 spongebob http://www.kyrie5spongebob.us
Reply kyrie 6 shoes
5:04 on 18 April, 2021 
I simply wanted to write down a quick note to express gratitude to you for these fantastic points you are posting here. My incredibly long internet search has now been paid with incredibly good tips to talk about with my pals. I 'd say that we visitors actually are rather endowed to exist in a wonderful site with so many wonderful people with very beneficial principles. I feel very much happy to have used your website page and look forward to tons of more awesome times reading here. Thank you once again for all the details.
kyrie 6 shoes http://www.kyrie6.org
Reply yeezy
5:04 on 18 April, 2021 
I and my guys came reviewing the great tips and hints found on your web blog and at once I had an awful feeling I had not expressed respect to you for those strategies. My women happened to be as a consequence stimulated to read them and already have absolutely been using them. I appreciate you for genuinely very helpful and then for choosing this kind of impressive subject matter millions of individuals are really wanting to understand about. My personal honest apologies for not expressing appreciation to sooner.
yeezy http://www.yeezy-boost350.us.com
Reply moncler jacket
5:03 on 18 April, 2021 
I have to show some appreciation to this writer just for rescuing me from this particular issue. Because of browsing throughout the search engines and getting recommendations which were not helpful, I thought my life was done. Living minus the strategies to the issues you have fixed through the posting is a serious case, as well as the ones that might have adversely damaged my career if I hadn't encountered your web blog. Your actual expertise and kindness in controlling everything was important. I am not sure what I would have done if I had not encountered such a point like this. I am able to at this point relish my future. Thanks very much for the specialized and effective guide. I will not hesitate to endorse your blog to any individual who should receive guidance on this area.
moncler jacket http://www.monclersoutletstore.com
Reply curry
5:03 on 18 April, 2021 
I have to show my affection for your kindness for all those that really need assistance with that field. Your personal commitment to passing the message around came to be especially productive and have usually made others like me to attain their aims. This interesting suggestions means a lot to me and even more to my office colleagues. Best wishes; from all of us.
curry http://www.curryshoes.us.com
Reply golden goose
5:02 on 18 April, 2021 
I needed to put you that little remark to be able to thank you so much the moment again regarding the awesome ideas you have documented above. It has been so strangely generous with you to present easily exactly what a lot of folks could possibly have made available as an ebook to make some money for their own end, even more so considering the fact that you could have tried it in case you considered necessary. These guidelines as well acted to become easy way to understand that some people have the identical dreams just as mine to learn very much more concerning this matter. I am certain there are millions of more pleasurable periods ahead for folks who take a look at your blog post.
golden goose http://www.goldengoosessale.com
Reply cheap jordans
5:01 on 18 April, 2021 
I wish to express my appreciation for your kind-heartedness in support of those people who must have help with this important topic. Your real dedication to passing the solution throughout had become especially effective and have always allowed associates much like me to attain their endeavors. The useful recommendations denotes a great deal a person like me and substantially more to my mates. Best wishes; from everyone of us.
cheap jordans http://www.jordansforcheap.us.com
Reply golden goose
4:05 on 18 April, 2021 
I wanted to write down a brief comment in order to thank you for the remarkable steps you are sharing on this site. My time-consuming internet search has now been paid with really good information to exchange with my great friends. I 'd repeat that we readers are extremely endowed to be in a useful site with many lovely professionals with very helpful guidelines. I feel truly happy to have discovered your entire weblog and look forward to plenty of more exciting moments reading here. Thanks a lot once more for all the details.
golden goose http://www.goldengoose-outlet.us.com
Reply russell westbrook shoes
4:05 on 18 April, 2021 
My wife and i got fortunate that Michael managed to carry out his web research out of the precious recommendations he acquired while using the web pages. It's not at all simplistic to just possibly be giving for free tactics which some people might have been trying to sell. And now we recognize we have got the website owner to appreciate for this. These explanations you've made, the easy site navigation, the relationships you can help to foster - it's got all superb, and it is aiding our son in addition to our family feel that that theme is excellent, and that's extremely vital. Many thanks for everything!
russell westbrook shoes http://www.russellwestbrookshoes.us
Reply golden goose outlet
4:03 on 18 April, 2021 
I just wanted to write a comment in order to thank you for these fabulous instructions you are giving at this website. My extended internet look up has finally been compensated with pleasant facts and techniques to talk about with my relatives. I would declare that we site visitors actually are undoubtedly fortunate to be in a useful website with so many special people with good advice. I feel somewhat happy to have seen your entire website page and look forward to really more awesome times reading here. Thanks a lot once more for all the details.
golden goose outlet http://www.goldengooses.us

Categories

0
/
Lightbox image