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.

6938 Comments

Reply balenciaga
6:48 on 14 December, 2020 
I really wanted to make a simple remark in order to thank you for those amazing steps you are giving here. My extensive internet look up has at the end of the day been rewarded with awesome facts to write about with my close friends. I would assert that many of us visitors are quite blessed to dwell in a really good place with many wonderful professionals with very beneficial solutions. I feel pretty lucky to have encountered your website and look forward to so many more fun moments reading here. Thanks once again for all the details.
balenciaga http://www.balenciagasus.com
Reply aa home insurance
6:45 on 14 December, 2020 
auto and homeowners insurance
Reply a bathing ape
5:36 on 14 December, 2020 
I simply had to thank you so much once more. I am not sure the things I could possibly have gone through without the advice provided by you over that area of interest. This has been the difficult issue in my view, nevertheless observing a new expert strategy you treated it took me to leap for contentment. I'm just thankful for your work and as well , believe you find out what a great job your are carrying out instructing the rest via your web blog. I am certain you haven't got to know any of us.
a bathing ape http://www.bathing-ape.us
Reply 100% real jordans for cheap
5:36 on 14 December, 2020 
I wish to express thanks to the writer just for rescuing me from such a dilemma. Right after exploring through the the web and obtaining methods which were not pleasant, I figured my life was done. Being alive minus the strategies to the issues you've resolved through the guide is a critical case, and the kind that might have negatively affected my entire career if I had not noticed the blog. Your own personal ability and kindness in maneuvering every item was invaluable. I don't know what I would have done if I had not discovered such a subject like this. I'm able to at this time relish my future. Thanks for your time very much for the reliable and result oriented guide. I won't think twice to endorse your site to anybody who would need direction about this problem.
100% real jordans for cheap http://www.jordansforcheap.us.com
Reply calvin klein outlet
5:36 on 14 December, 2020 
Thanks a lot for giving everyone remarkably superb possiblity to read in detail from this site. It is often so pleasurable and full of a great time for me and my office mates to search your web site on the least 3 times in one week to study the fresh secrets you will have. And indeed, I am also certainly amazed with your striking knowledge you serve. Selected 3 tips on this page are basically the most efficient I have ever had.
calvin klein outlet http://www.calvinkleinoutlet.us.com
Reply longchamp
5:36 on 14 December, 2020 
I wanted to type a quick message in order to thank you for those pleasant ideas you are posting at this website. My time consuming internet research has finally been honored with useful facts and techniques to share with my friends. I would believe that we visitors are truly blessed to live in a great site with so many perfect individuals with great solutions. I feel very much blessed to have used the webpage and look forward to tons of more cool moments reading here. Thanks a lot again for all the details.
longchamp http://www.longchampoutlets.us
Reply stephen curry shoes
5:36 on 14 December, 2020 
I have to express some thanks to you for bailing me out of this particular condition. As a result of checking through the online world and finding notions which were not powerful, I was thinking my life was over. Living without the presence of answers to the issues you have resolved by means of your good blog post is a critical case, as well as those that would have negatively damaged my career if I hadn't discovered your blog. That capability and kindness in controlling the whole lot was helpful. I am not sure what I would've done if I hadn't come across such a solution like this. I can also at this point look forward to my future. Thanks for your time very much for the high quality and effective help. I will not be reluctant to endorse your web site to anybody who should get guidance about this situation.
stephen curry shoes http://www.stephencurry-shoes.us.com
Reply nike off white
5:04 on 14 December, 2020 
Thanks so much for providing individuals with an extremely remarkable opportunity to discover important secrets from this blog. It is often very cool and also packed with amusement for me and my office acquaintances to search the blog on the least three times in 7 days to find out the newest secrets you have. And lastly, I'm just certainly amazed considering the unique opinions you give. Selected two areas in this article are certainly the best I've had.
nike off white http://www.offwhiteshoes.us.com
Reply Online Payday Loans
4:49 on 14 December, 2020 
personal loans application idaho payday loans what is a cash advance payday loans usa no guarantor loans
Reply supreme
4:40 on 14 December, 2020 
I really wanted to jot down a word in order to express gratitude to you for the great guides you are posting at this website. My time-consuming internet lookup has now been rewarded with incredibly good knowledge to talk about with my visitors. I 'd believe that most of us readers actually are undeniably endowed to dwell in a wonderful network with so many brilliant professionals with valuable tactics. I feel pretty lucky to have seen your entire webpages and look forward to some more entertaining times reading here. Thank you once again for everything.
supreme http://www.supremes.us.org
Reply pandora jewelry
4:40 on 14 December, 2020 
I needed to put you the little bit of note in order to give many thanks the moment again on the incredible views you've documented in this article. This is so pretty generous with people like you to provide extensively what a number of people could have sold for an e book in order to make some cash for their own end, most importantly now that you could have done it in the event you desired. Those good ideas likewise worked as a easy way to fully grasp many people have the same eagerness like my personal own to know the truth a little more related to this problem. I believe there are numerous more pleasant moments ahead for folks who look over your blog post.
pandora jewelry http://www.pandorascharms.us
Reply jordan shoes
4:40 on 14 December, 2020 
I wanted to draft you a bit of note to be able to thank you so much once again for the incredible thoughts you've shared on this site. It is quite generous of people like you in giving extensively all a lot of folks might have distributed for an e-book in making some bucks for themselves, precisely given that you might well have tried it if you desired. The inspiring ideas also served to provide a easy way to fully grasp that many people have a similar passion really like my very own to find out a lot more in terms of this condition. I think there are several more pleasurable situations in the future for folks who read carefully your website.
jordan shoes http://www.michaeljordanshoes.us.com
Reply yeezy 700
3:38 on 14 December, 2020 
I intended to put you one little bit of note to be able to give many thanks the moment again for all the gorgeous tactics you've shown on this site. This has been certainly tremendously generous with you to offer openly what exactly a number of people could have made available as an electronic book to earn some money for themselves, even more so considering that you might have done it if you desired. The good ideas in addition served to be the fantastic way to recognize that other people online have the identical dreams much like mine to see great deal more in respect of this condition. I am certain there are a lot more pleasurable opportunities in the future for people who scan your site.
yeezy 700 http://www.yeezy-shoes.us.org
Reply yeezy boost
3:38 on 14 December, 2020 
I enjoy you because of your whole efforts on this website. Debby takes pleasure in participating in internet research and it is easy to see why. I hear all relating to the powerful manner you convey powerful things by means of the web blog and strongly encourage contribution from the others on that point and our own daughter is certainly studying a lot. Take advantage of the rest of the new year. You have been performing a dazzling job.
yeezy boost http://www.yeezy-boost350.us.com
Reply kyrie 6
3:38 on 14 December, 2020 
Thank you so much for giving everyone such a remarkable possiblity to read critical reviews from this website. It is usually so lovely and also full of fun for me and my office co-workers to visit your web site more than thrice in a week to find out the latest tips you have got. Not to mention, we're at all times happy with your effective principles you give. Some 3 areas on this page are undoubtedly the most effective I have had.
kyrie 6 http://www.kyrie-6.com
Reply moncler jackets
3:38 on 14 December, 2020 
I have to express some thanks to this writer just for rescuing me from such a difficulty. After scouting throughout the internet and obtaining solutions that were not beneficial, I thought my entire life was gone. Being alive devoid of the approaches to the issues you've fixed through your guide is a critical case, as well as the ones which may have in a wrong way damaged my career if I had not encountered your blog post. Your own personal ability and kindness in touching a lot of stuff was precious. I don't know what I would've done if I had not encountered such a solution like this. I am able to now look ahead to my future. Thanks very much for your professional and amazing guide. I will not be reluctant to recommend your blog to any individual who should receive care on this subject.
moncler jackets http://www.monclerjackets.us
Reply off-white
3:37 on 14 December, 2020 
My husband and i were quite more than happy John could complete his reports because of the precious recommendations he discovered using your web page. It's not at all simplistic to simply always be giving for free things which usually men and women could have been selling. So we know we've got you to appreciate for this. The type of explanations you made, the straightforward blog menu, the relationships you will help foster - it is everything spectacular, and it's letting our son in addition to us consider that this theme is brilliant, and that's extremely indispensable. Thank you for the whole lot!
off-white http://www.off--white.us.com
Reply supreme clothing
3:12 on 14 December, 2020 
I not to mention my guys came analyzing the good suggestions located on your web blog and so unexpectedly I had an awful feeling I never thanked the blog owner for those techniques. My young boys became as a result excited to study all of them and already have definitely been using them. We appreciate you getting well helpful and for making a choice on some incredibly good useful guides millions of individuals are really desperate to be aware of. Our honest apologies for not expressing gratitude to sooner.
supreme clothing http://www.supremesonline.com
Reply calvin klein outlet
3:10 on 14 December, 2020 
I want to show my love for your kind-heartedness in support of people that absolutely need assistance with this one study. Your special dedication to passing the message up and down turned out to be unbelievably good and have frequently encouraged workers just like me to get to their endeavors. Your entire informative recommendations indicates this much to me and even further to my office workers. Regards; from each one of us.
calvin klein outlet http://www.calvinkleinoutlet.us.com
Reply supreme hoodie
3:09 on 14 December, 2020 
I really wanted to post a brief word to be able to appreciate you for all the fabulous tips and tricks you are posting here. My prolonged internet search has at the end of the day been honored with professional concept to write about with my visitors. I 'd tell you that we visitors are quite endowed to be in a wonderful site with very many brilliant professionals with beneficial methods. I feel somewhat grateful to have seen the web pages and look forward to so many more fun minutes reading here. Thank you once more for everything.
supreme hoodie http://www.supreme-clothing.us.com

Categories

0
/
Lightbox image