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.

6939 Comments

Reply balenciaga
9:16 on 31 December, 2020 
My husband and i ended up being so joyous Ervin managed to deal with his studies out of the ideas he gained when using the weblog. It is now and again perplexing to just be giving freely methods which often most people may have been trying to sell. And we all do know we need the website owner to thank for this. The explanations you have made, the easy blog navigation, the relationships you can help to promote - it's got most superb, and it's helping our son and our family recognize that that theme is brilliant, which is certainly incredibly mandatory. Thank you for the whole lot!
balenciaga http://www.balenciagasus.com
Reply russell westbrook shoes
9:16 on 31 December, 2020 
I intended to draft you one little bit of observation to finally give many thanks the moment again for your personal wonderful views you've documented here. This has been certainly shockingly open-handed of people like you to deliver unhampered what a lot of people would have offered for an e book to earn some bucks for their own end, precisely given that you could possibly have done it if you desired. The tricks in addition acted to be the great way to fully grasp that many people have the identical dream just like my own to see good deal more when considering this problem. I think there are lots of more pleasurable periods in the future for individuals that scan through your blog.
russell westbrook shoes http://www.russellwestbrookshoes.us
Reply hermes
9:16 on 31 December, 2020 
I truly wanted to write a simple message so as to appreciate you for these stunning items you are giving out at this website. My considerable internet lookup has at the end been paid with really good suggestions to exchange with my co-workers. I 'd claim that we readers are definitely lucky to be in a useful website with so many brilliant individuals with very beneficial tips. I feel somewhat blessed to have used your web site and look forward to many more awesome times reading here. Thank you again for a lot of things.
hermes http://www.hermes-handbags.us.com
Reply off white x jordan 1
9:16 on 31 December, 2020 
A lot of thanks for your own hard work on this blog. My aunt really loves managing investigations and it's really easy to see why. Almost all learn all relating to the dynamic form you present practical solutions through your web blog and as well improve participation from other ones on the topic and our favorite child is without a doubt becoming educated a lot of things. Enjoy the rest of the year. You have been conducting a powerful job.
off white x jordan 1 http://www.offwhitexjordan1.com
Reply longchamp handbags
9:16 on 31 December, 2020 
I must express my thanks to this writer just for bailing me out of this type of trouble. After searching throughout the search engines and finding tricks which were not powerful, I was thinking my entire life was over. Being alive without the approaches to the problems you've fixed through your blog post is a critical case, and those which might have in a negative way damaged my career if I hadn't discovered the website. Your talents and kindness in touching everything was invaluable. I don't know what I would've done if I had not come upon such a solution like this. I can also at this moment look forward to my future. Thanks so much for your reliable and result oriented help. I will not hesitate to suggest your blog to any individual who desires assistance about this situation.
longchamp handbags http://www.handbagslongchamp.us
Reply golden goose
9:16 on 31 December, 2020 
I wish to express some appreciation to you for bailing me out of such a incident. Because of checking throughout the online world and seeing tips which are not helpful, I believed my life was over. Being alive devoid of the solutions to the problems you have fixed as a result of this guideline is a critical case, as well as the kind that would have in a wrong way damaged my entire career if I hadn't noticed your blog post. Your main expertise and kindness in handling all areas was tremendous. I am not sure what I would have done if I hadn't come upon such a subject like this. It's possible to at this time look forward to my future. Thanks for your time so much for your skilled and sensible guide. I won't think twice to propose your web page to any individual who ought to have guide about this subject.
golden goose http://www.goldengooses.us
Reply yeezy
9:15 on 31 December, 2020 
I wanted to jot down a simple word so as to appreciate you for those marvelous tricks you are showing on this website. My time-consuming internet look up has at the end been compensated with really good information to share with my company. I would express that most of us site visitors actually are undoubtedly blessed to exist in a really good community with many outstanding professionals with insightful concepts. I feel truly grateful to have discovered the site and look forward to some more awesome minutes reading here. Thank you once again for everything.
yeezy http://www.yeezy-boost.com
Reply golden goose outlet
9:15 on 31 December, 2020 
I simply had to appreciate you again. I do not know the things that I would have made to happen without these hints provided by you on such a question. It has been the horrifying issue in my view, nevertheless looking at the expert technique you managed it forced me to leap for delight. Now i am grateful for the help and thus have high hopes you find out what a powerful job you are always undertaking instructing many others with the aid of your web site. I'm certain you haven't come across all of us.
golden goose outlet http://www.goldengoose-outlet.us.com
Reply adidas yeezy
9:15 on 31 December, 2020 
I want to show some appreciation to the writer for bailing me out of such a instance. Because of exploring throughout the online world and finding advice which were not productive, I assumed my life was gone. Being alive devoid of the approaches to the problems you've solved all through your good post is a critical case, and the kind that could have negatively affected my career if I had not noticed your web site. Your mastery and kindness in maneuvering almost everything was very helpful. I am not sure what I would've done if I hadn't encountered such a point like this. I am able to now look forward to my future. Thank you very much for this impressive and results-oriented help. I won't be reluctant to refer your web sites to anyone who needs to have care on this issue.
adidas yeezy http://www.adidasyeezyshoes.com
Reply Fastest Payday Loan
6:58 on 31 December, 2020 
credit consolidation loans for bad credit immediate loan personal loan with cosigner cash advance houston loan home
Reply Payday Express
0:32 on 31 December, 2020 
cash loans for bad credit
Reply AmyIcent
0:10 on 31 December, 2020 
dipyridamole over the counter
Reply yeezy wave runner 700
0:02 on 31 December, 2020 
I would like to express appreciation to the writer just for bailing me out of such a incident. Because of scouting through the world-wide-web and finding opinions which were not productive, I was thinking my life was done. Living without the presence of approaches to the difficulties you've sorted out as a result of your guide is a serious case, as well as those which could have in a negative way affected my entire career if I had not encountered your website. Your training and kindness in controlling a lot of things was invaluable. I am not sure what I would have done if I hadn't encountered such a step like this. I'm able to now look ahead to my future. Thanks for your time so much for this expert and amazing help. I will not think twice to refer your web blog to anyone who would like recommendations on this topic.
yeezy wave runner 700 http://www.yeezy700.us.com
Reply moncler
0:02 on 31 December, 2020 
Needed to write you one little observation to help give many thanks over again for your gorgeous things you've discussed on this page. It is certainly remarkably generous with people like you to grant openly what many individuals could possibly have marketed as an ebook in order to make some bucks for their own end, and in particular now that you might have tried it in the event you desired. The tips likewise served to be a fantastic way to know that someone else have similar dream much like my very own to see a little more regarding this issue. I believe there are several more enjoyable moments ahead for folks who looked at your website.
moncler http://www.monclerjackets.us
Reply air jordan
0:02 on 31 December, 2020 
I am just writing to let you know what a perfect experience my girl experienced checking your web site. She noticed too many things, which included how it is like to have a marvelous teaching spirit to get folks smoothly know just exactly certain problematic matters. You undoubtedly did more than our expected results. I appreciate you for delivering these interesting, trusted, explanatory and as well as cool tips on that topic to Tanya.
air jordan http://www.cheapjordan.us
Reply golden goose
0:02 on 31 December, 2020 
I needed to compose you a very little note just to say thank you again on the lovely basics you have shown at this time. It's so wonderfully generous with you to present freely all a lot of folks could have offered for sale as an ebook to end up making some money on their own, mostly seeing that you might well have done it if you ever decided. The good ideas as well acted like a easy way to be aware that someone else have the same zeal similar to mine to know the truth a lot more around this problem. I think there are several more fun situations up front for individuals that scan your website.
golden goose http://www.goldengoose-shoes.us.com
Reply pandora
0:01 on 31 December, 2020 
Thank you a lot for providing individuals with a very superb opportunity to read articles and blog posts from this site. It's usually so kind plus stuffed with a lot of fun for me personally and my office fellow workers to search your web site no less than thrice per week to learn the newest guides you have. And of course, we are actually motivated for the dazzling information you give. Certain two tips on this page are unequivocally the most impressive we've ever had.
pandora http://www.pandorasjewelry.us
Reply off white
0:00 on 31 December, 2020 
My wife and i were absolutely thrilled when Albert managed to complete his investigations from the precious recommendations he came across through the web page. It's not at all simplistic to simply find yourself handing out helpful hints which usually some others may have been trying to sell. We really see we have you to be grateful to because of that. The explanations you made, the simple web site navigation, the relationships your site make it possible to engender - it's most exceptional, and it's letting our son in addition to our family believe that this idea is entertaining, and that is seriously fundamental. Thank you for the whole lot!
off white http://www.offwhitehoodies.us
Reply jordans
21:06 on 30 December, 2020 
Thank you for all of the labor on this web site. My mom really likes engaging in investigation and it's obvious why. We all learn all concerning the powerful manner you deliver rewarding tips through this blog and foster response from some others on the matter so our own princess has been becoming educated a great deal. Take advantage of the remaining portion of the new year. You are always performing a good job.
jordans http://www.jordanssneakers.us.com
Reply golden goose outlet
21:06 on 30 December, 2020 
My wife and i ended up being very satisfied that Michael managed to complete his web research by way of the precious recommendations he made when using the web site. It's not at all simplistic to just continually be giving freely guidelines which the rest could have been making money from. And we all keep in mind we have the writer to appreciate for that. Those illustrations you made, the straightforward website navigation, the friendships you can help create - it is all incredible, and it's really letting our son in addition to the family reckon that that subject is enjoyable, which is certainly particularly pressing. Thank you for all!
golden goose outlet http://www.golden-goose.us

Categories

0
/
Lightbox image