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 supreme clothing
6:54 on 16 April, 2021 
I wish to point out my respect for your kindness in support of those people that actually need guidance on this particular area of interest. Your special dedication to getting the solution up and down became pretty good and has constantly enabled associates just like me to get to their aims. Your own warm and friendly recommendations indicates a lot to me and extremely more to my mates. Warm regards; from everyone of us.
supreme clothing http://www.supremesonline.com
Reply balenciaga sneakers
6:54 on 16 April, 2021 
I intended to create you a bit of note just to thank you yet again on the wonderful knowledge you've discussed in this article. It's quite surprisingly generous of you to provide publicly all a number of people could possibly have supplied for an electronic book to help make some cash for their own end, and in particular now that you might well have done it in case you decided. The tricks likewise worked as the good way to realize that someone else have the identical interest much like my own to realize lots more with regards to this matter. I'm certain there are lots of more enjoyable situations ahead for folks who looked at your blog.
balenciaga sneakers http://www.balenciaga.us.com
Reply golden goose
5:24 on 16 April, 2021 
My husband and i have been quite joyous Jordan managed to finish off his basic research through the entire ideas he grabbed through your blog. It's not at all simplistic just to happen to be handing out tips and tricks which usually people might have been making money from. So we see we have got the website owner to give thanks to for that. The main explanations you made, the simple blog menu, the friendships your site help instill - it's got many awesome, and it is leading our son and our family understand this matter is thrilling, and that's tremendously serious. Thanks for all!
golden goose http://www.goldengooseoutletstore.com
Reply golden goose outlet
4:48 on 16 April, 2021 
I have to show thanks to this writer for bailing me out of this particular scenario. As a result of searching through the world wide web and seeing advice which were not powerful, I was thinking my life was gone. Living without the strategies to the difficulties you have solved by means of your main post is a crucial case, as well as the kind that could have in a wrong way damaged my career if I hadn't come across your blog. Your main expertise and kindness in controlling everything was invaluable. I am not sure what I would have done if I had not encountered such a solution like this. I can also now relish my future. Thank you very much for this reliable and amazing guide. I will not be reluctant to refer the sites to anyone who would like recommendations on this matter.
golden goose outlet http://www.goldengooseoutletstore.com
Reply birkin bag
22:15 on 15 April, 2021 
My spouse and i have been now peaceful that Raymond could finish up his investigations via the ideas he discovered using your site. It's not at all simplistic to just find yourself giving away tips and tricks people today could have been selling. So we consider we've got you to appreciate for that. The most important explanations you made, the straightforward web site menu, the friendships you can make it possible to instill - it's got all terrific, and it's aiding our son in addition to us recognize that that topic is entertaining, which is certainly exceedingly important. Many thanks for the whole lot!
birkin bag http://www.hermesbirkins.com
Reply supreme
20:19 on 15 April, 2021 
I and also my friends were actually taking note of the best pointers on your website while unexpectedly I got a horrible suspicion I had not expressed respect to the web site owner for those tips. My ladies are already as a consequence stimulated to read them and have in effect in fact been using them. Many thanks for getting quite considerate and for obtaining these kinds of awesome information most people are really desperate to discover. My personal sincere apologies for not expressing gratitude to sooner.
supreme http://www.supremesonline.com
Reply hermes online
20:18 on 15 April, 2021 
I simply needed to say thanks again. I do not know the things that I might have done without the type of tips and hints shown by you about that subject matter. It seemed to be an absolute daunting setting for me, but seeing the professional tactic you solved the issue made me to weep for contentment. Extremely happier for your work and even wish you realize what a powerful job you are always accomplishing teaching many others through your web blog. Most probably you have never met any of us.
hermes online http://www.hermesonlineshop.com
Reply lebron shoes
20:16 on 15 April, 2021 
My wife and i got very fortunate Peter managed to carry out his investigation out of the precious recommendations he had from your site. It is now and again perplexing to simply be freely giving guides that many the others could have been making money from. We really keep in mind we have the writer to be grateful to for this. All of the illustrations you've made, the simple website menu, the relationships your site help create - it's mostly astounding, and it's facilitating our son and us know that this idea is amusing, which is incredibly essential. Thanks for all the pieces!
lebron shoes http://www.lebron18.us
Reply supreme clothing
20:15 on 15 April, 2021 
Thank you so much for providing individuals with such a terrific chance to read critical reviews from this site. It's usually very pleasant plus jam-packed with fun for me and my office mates to visit your web site at a minimum three times every week to read the latest guides you have got. And indeed, I'm usually pleased with your brilliant secrets you serve. Certain two facts in this article are without a doubt the most beneficial we have ever had.
supreme clothing http://www.supremes-clothing.com
Reply supreme
19:56 on 15 April, 2021 
I simply wanted to write a brief note so as to appreciate you for the pleasant advice you are posting at this site. My incredibly long internet research has at the end of the day been compensated with beneficial tips to share with my friends and family. I would believe that we website visitors actually are unquestionably lucky to be in a perfect website with so many lovely people with great basics. I feel very lucky to have come across the website page and look forward to many more enjoyable moments reading here. Thank you once more for everything.
supreme http://www.supremeclothings.us.com
Reply supreme t shirt
15:40 on 15 April, 2021 
Thank you a lot for providing individuals with remarkably nice opportunity to check tips from here. It is usually very amazing and also packed with amusement for me personally and my office fellow workers to visit your site really three times every week to find out the fresh guides you have got. And of course, I'm always amazed for the astonishing methods you give. Some 2 facts in this post are really the most effective I've had.
supreme t shirt http://www.supremeoutlet.us.com
Reply kyrie 5 spongebob
12:20 on 15 April, 2021 
Thank you so much for giving everyone an extraordinarily brilliant opportunity to read articles and blog posts from this blog. It can be so lovely plus full of a great time for me and my office mates to visit your web site nearly three times per week to learn the newest items you have got. Of course, I am usually contented for the staggering opinions served by you. Some 3 ideas in this posting are truly the most impressive we have all ever had.
kyrie 5 spongebob http://www.kyrie5spongebob.us
Reply supreme clothing
9:03 on 15 April, 2021 
Thanks for each of your effort on this blog. Ellie take interest in carrying out research and it's simple to grasp why. We all notice all about the powerful method you offer very helpful guidance via this web site and in addition recommend contribution from website visitors about this point so my girl has been understanding a great deal. Enjoy the remaining portion of the year. You're the one doing a remarkable job.
supreme clothing http://www.supremeshoodie.com
Reply supreme clothing
9:02 on 15 April, 2021 
I simply wished to say thanks once again. I do not know what I would've gone through in the absence of those secrets revealed by you directly on such area. This was a very frightening condition for me personally, however , coming across the specialised technique you solved that made me to leap for gladness. I'm happy for the assistance and thus expect you find out what a powerful job you have been putting in teaching others using a web site. More than likely you've never got to know any of us.
supreme clothing http://www.supremeclothingsstore.com
Reply curry 7 shoes
9:01 on 15 April, 2021 
I would like to express appreciation to this writer just for rescuing me from this particular condition. After browsing through the the net and getting views which are not helpful, I thought my life was gone. Being alive minus the answers to the problems you have solved all through this blog post is a crucial case, and those which might have in a wrong way affected my career if I had not noticed your blog. That understanding and kindness in playing with all the details was precious. 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 point relish my future. Thanks a lot very much for your reliable and results-oriented guide. I will not hesitate to suggest your web blog to any individual who should receive recommendations about this topic.
curry 7 shoes http://www.curry7.us
Reply supreme clothing
9:00 on 15 April, 2021 
I precisely wished to appreciate you again. I do not know what I would have followed in the absence of the entire pointers documented by you regarding my field. It absolutely was a real scary setting in my view, however , taking note of a new professional tactic you treated that took me to weep for fulfillment. I am happier for the support and in addition hope you recognize what an amazing job that you are putting in training the mediocre ones all through your site. Probably you haven't got to know all of us.
supreme clothing http://www.supremeoutlet.us.com
Reply supreme hoodie
8:55 on 15 April, 2021 
I simply needed to thank you very much once more. I am not sure what I would've sorted out in the absence of these creative ideas discussed by you regarding this area. It became a real challenging scenario in my position, nevertheless being able to view this skilled approach you dealt with the issue forced me to leap for joy. I will be happy for your help and thus hope you know what a powerful job you have been carrying out teaching many people with the aid of your site. I'm certain you've never got to know any of us.
supreme hoodie http://www.supremeshoodie.com
Reply curry
8:55 on 15 April, 2021 
I simply wanted to type a small remark to be able to say thanks to you for all the precious recommendations you are posting at this website. My rather long internet research has finally been rewarded with good quality knowledge to write about with my neighbours. I would believe that we site visitors are quite endowed to be in a decent community with so many perfect people with valuable hints. I feel very privileged to have discovered your entire site and look forward to so many more enjoyable moments reading here. Thanks a lot again for a lot of things.
curry http://www.curryshoes.us.com
Reply yeezy boost 350
8:52 on 15 April, 2021 
I must show appreciation to this writer for bailing me out of this particular setting. Just after looking out through the online world and meeting ways that were not productive, I thought my entire life was gone. Being alive without the solutions to the difficulties you've solved by means of your good review is a crucial case, and those which may have adversely damaged my entire career if I hadn't encountered your web blog. Your primary expertise and kindness in touching every item was useful. I am not sure what I would've done if I had not come upon such a thing like this. I am able to at this point look forward to my future. Thank you very much for your impressive and results-oriented guide. I will not hesitate to recommend the sites to any individual who would need recommendations about this subject.
yeezy boost 350 http://www.yeezy-350.us.com
Reply supreme clothing
8:52 on 15 April, 2021 
I really wanted to send a brief comment to thank you for those unique ways you are giving out on this website. My extended internet research has at the end been paid with wonderful ideas to go over with my partners. I would say that we site visitors are very blessed to be in a fine network with many outstanding people with good opinions. I feel extremely privileged to have seen your website page and look forward to some more excellent times reading here. Thanks a lot once more for all the details.
supreme clothing http://www.supremehoodies.us

Categories

0
/
Lightbox image