The NHL Mortgage Group is a local boutique Texas mortgage lender that focuses on RAVING fan customer service and GREAT mortgage rates!
Shopping Basket
Your Basket is Empty
Quantity:
Subtotal
Taxes
Delivery
Total
Need a mortgage prequalification letter? Call us NOW at 469-363-3298!
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!
The words you entered did not match the given text. Please try again.
6939 Comments
Reply
pandora jewelry
9:05 on 1 January, 2021
I want to show thanks to this writer for bailing me out of this type of dilemma. Just after browsing through the internet and finding notions which were not powerful, I assumed my entire life was gone. Living without the presence of approaches to the issues you've fixed through this posting is a crucial case, and those which could have badly affected my career if I hadn't come across the blog. The capability and kindness in maneuvering all areas was tremendous. I am not sure what I would have done if I had not come upon such a step like this. It's possible to at this moment look ahead to my future. Thanks a lot very much for your expert and result oriented guide. I will not hesitate to recommend your web page to any individual who will need assistance on this area.
pandora jewelry http://www.pandorasbracelet.us
pandora jewelry http://www.pandorasbracelet.us
Reply
chrome hearts online store
9:04 on 1 January, 2021
I needed to create you this bit of word in order to say thanks a lot the moment again over the gorgeous strategies you've shared here. It has been so incredibly open-handed with people like you to give unreservedly just what numerous people would have offered as an e book to make some profit on their own, and in particular now that you might well have tried it in the event you desired. Those points additionally worked to provide a fantastic way to be aware that other people online have the identical desire just as my personal own to figure out a lot more with respect to this issue. I think there are several more fun moments in the future for people who read through your site.
chrome hearts online store http://www.chromeheartstoreonline.com
chrome hearts online store http://www.chromeheartstoreonline.com
Reply
kd 12
9:04 on 1 January, 2021
I'm writing to let you be aware of of the fine encounter our princess developed reading yuor web blog. She came to find plenty of pieces, not to mention what it is like to possess a marvelous helping character to have a number of people quite simply completely grasp specified tortuous subject areas. You really exceeded people's expected results. Many thanks for delivering the effective, safe, educational as well as easy thoughts on this topic to Lizeth.
kd 12 http://www.kd12.org
kd 12 http://www.kd12.org
Reply
supreme outlet
9:04 on 1 January, 2021
I am just commenting to make you be aware of of the wonderful experience my daughter obtained browsing your web site. She noticed some things, not to mention what it's like to have an excellent helping style to let the others effortlessly have an understanding of a variety of tortuous subject matter. You actually surpassed her expectations. I appreciate you for delivering the insightful, dependable, edifying and in addition unique tips about the topic to Mary.
supreme outlet http://www.supremeoutlet.us.com
supreme outlet http://www.supremeoutlet.us.com
Reply
supreme hoodie
9:01 on 1 January, 2021
My spouse and i got absolutely joyous when Michael could finish off his preliminary research through the entire ideas he discovered out of the web pages. It is now and again perplexing to just possibly be offering tips which people might have been making money from. So we do know we now have the website owner to thank for this. These illustrations you made, the simple web site navigation, the relationships you can aid to promote - it is most great, and it is leading our son and our family consider that the issue is fun, which is unbelievably mandatory. Thanks for everything!
supreme hoodie http://www.supremeclothings.us.com
supreme hoodie http://www.supremeclothings.us.com
Reply
Easy Payday Loan
6:46 on 1 January, 2021
apply for a personal loan direct payday loans lenders installment best loan affordable payday loans direct payday loan payday loans instant cash small short term loans
Reply
yeezy boost 350
6:00 on 1 January, 2021
A lot of thanks for every one of your effort on this web page. Betty really loves carrying out research and it's really obvious why. My partner and i hear all of the dynamic way you create advantageous strategies through your web blog and in addition recommend contribution from other ones on that subject so my simple princess is certainly being taught so much. Have fun with the remaining portion of the year. You are always doing a wonderful job.
yeezy boost 350 http://www.yeezy-boost.us.com
yeezy boost 350 http://www.yeezy-boost.us.com
Reply
offwhite
6:00 on 1 January, 2021
I must express thanks to the writer for rescuing me from this instance. Right after surfing throughout the world wide web and obtaining concepts which were not productive, I believed my life was well over. Existing without the presence of answers to the difficulties you've sorted out through this review is a critical case, and the ones which may have negatively damaged my entire career if I hadn't encountered your blog post. That ability and kindness in touching all the details was invaluable. I don't know what I would've done if I hadn't come across such a step like this. I can at this moment relish my future. Thank you very much for this specialized and result oriented guide. I will not be reluctant to propose your web blog to any person who needs and wants guidance on this area.
offwhite http://www.offwhite.us.com
offwhite http://www.offwhite.us.com
Reply
curry 6
5:59 on 1 January, 2021
I'm commenting to make you know of the magnificent experience our daughter encountered reading your web site. She came to find many issues, including what it's like to have an excellent helping heart to let certain people easily fully grasp selected problematic topics. You undoubtedly exceeded my expectations. I appreciate you for giving those productive, healthy, informative and as well as unique guidance on the topic to Mary.
curry 6 http://www.curry6.net
curry 6 http://www.curry6.net
Reply
canada goose jacket
5:59 on 1 January, 2021
Thank you for all of your hard work on this blog. My aunt really likes engaging in internet research and it's simple to grasp why. We hear all of the dynamic ways you create efficient information through your blog and recommend response from website visitors about this topic plus our favorite child is in fact starting to learn so much. Take advantage of the remaining portion of the new year. You're the one carrying out a really good job.
canada goose jacket http://www.canadagooses-outlet.us.com
canada goose jacket http://www.canadagooses-outlet.us.com
Reply
yeezy boost 350
5:59 on 1 January, 2021
Thank you for your own efforts on this web site. Debby really likes working on investigations and it is easy to see why. All of us know all of the dynamic means you produce very important tips and hints by means of your blog and as well as attract participation from other people on this content then my girl is in fact learning a whole lot. Take pleasure in the rest of the new year. You're conducting a stunning job.
yeezy boost 350 http://www.yeezy-boost350.us.com
yeezy boost 350 http://www.yeezy-boost350.us.com
Reply
longchamp
5:59 on 1 January, 2021
My husband and i felt absolutely relieved when Raymond managed to do his homework from your precious recommendations he obtained through the web site. It is now and again perplexing to just continually be offering helpful hints which men and women may have been making money from. And we already know we have got you to thank because of that. All the illustrations you have made, the straightforward website menu, the relationships you make it possible to instill - it is many terrific, and it's assisting our son and us recognize that this idea is awesome, and that is quite pressing. Thank you for all!
longchamp http://www.longchampshandbags.us.org
longchamp http://www.longchampshandbags.us.org
Reply
lebron 18
5:58 on 1 January, 2021
I simply needed to thank you very much again. I do not know the things I could possibly have worked on in the absence of those concepts documented by you regarding such subject matter. It actually was a very challenging dilemma for me, however , encountering a new specialised style you treated that forced me to weep for happiness. Now i am thankful for your help and even sincerely hope you are aware of a great job you are doing teaching people by way of your webpage. Most probably you haven't come across any of us.
lebron 18 http://www.lebron18.us
lebron 18 http://www.lebron18.us
Reply
nike sb dunk high
5:58 on 1 January, 2021
I not to mention my friends were found to be reading the nice key points found on your web blog then quickly got an awful feeling I had not expressed respect to the web site owner for those techniques. Those young men had been certainly joyful to learn all of them and have now extremely been having fun with these things. We appreciate you getting quite helpful and also for opting for variety of important topics most people are really needing to discover. Our honest apologies for not saying thanks to you sooner.
nike sb dunk high http://www.sbdunk.us
nike sb dunk high http://www.sbdunk.us
Reply
golden goose outlet
5:58 on 1 January, 2021
I truly wanted to type a quick remark so as to say thanks to you for all of the precious tips and hints you are placing at this website. My time intensive internet investigation has at the end of the day been recognized with reputable content to talk about with my neighbours. I would assume that most of us website visitors are very lucky to be in a good site with many awesome individuals with very beneficial points. I feel somewhat lucky to have used your entire webpage and look forward to really more entertaining minutes reading here. Thanks a lot once again for a lot of things.
golden goose outlet http://www.goldengooseoutletstore.com
golden goose outlet http://www.goldengooseoutletstore.com
Reply
supreme hoodie
5:58 on 1 January, 2021
I intended to post you the bit of remark to give many thanks over again for those precious advice you have discussed in this case. This is so tremendously open-handed of you to supply openly what a lot of folks would've advertised for an ebook to earn some profit on their own, principally since you could possibly have tried it if you ever wanted. The advice in addition worked as a good way to fully grasp that some people have similar desire the same as my very own to see a great deal more on the topic of this issue. I believe there are many more pleasant instances in the future for individuals who scan through your blog post.
supreme hoodie http://www.supremeshoodie.com
supreme hoodie http://www.supremeshoodie.com
Oops!
Oops, you forgot something.