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 jordan 11
15:01 on 13 December, 2020 
I wish to point out my gratitude for your generosity giving support to persons who need help on this important area. Your personal dedication to getting the solution along became surprisingly important and has in most cases made individuals like me to arrive at their desired goals. Your personal warm and helpful suggestions signifies a great deal to me and especially to my fellow workers. Thanks a ton; from everyone of us.
jordan 11 http://www.jordan11retro.us.com
Reply nike sb dunk low
15:00 on 13 December, 2020 
I precisely wanted to thank you very much once again. I'm not certain what I might have implemented without the actual recommendations shown by you relating to such industry. It has been a very horrifying scenario for me, nevertheless coming across a new expert tactic you managed the issue took me to cry for delight. I am just grateful for the information and in addition sincerely hope you realize what an amazing job you were providing educating many others with the aid of your webblog. Most likely you haven't come across any of us.
nike sb dunk low http://www.sbdunk.us
Reply supreme clothing
14:59 on 13 December, 2020 
I am glad for writing to make you know what a exceptional encounter my friend's child gained going through your web site. She discovered numerous pieces, with the inclusion of how it is like to have a great giving style to get the others effortlessly know just exactly selected problematic issues. You truly surpassed people's expectations. I appreciate you for offering these essential, trustworthy, explanatory as well as cool tips about this topic to Gloria.
supreme clothing http://www.supreme-clothing.us.com
Reply DenIcent
11:38 on 13 December, 2020 
hydroxychloroquine 800mg price of levitra in mexico buy lamisil online usa cheapest generic viagra prices online soft cialis
Reply jordan shoes
6:23 on 13 December, 2020 
My wife and i have been so glad when Ervin could finish up his preliminary research by way of the precious recommendations he received from your site. It's not at all simplistic to simply find yourself giving out instructions other people could have been selling. We really take into account we've got the blog owner to appreciate for that. Most of the explanations you've made, the straightforward site navigation, the relationships you help to engender - it is mostly exceptional, and it is letting our son in addition to the family feel that the content is enjoyable, and that's really pressing. Many thanks for the whole lot!
jordan shoes http://www.jordan11retro.us.com
Reply golden goose shoes
6:23 on 13 December, 2020 
I must get across my gratitude for your generosity in support of persons who really want guidance on this one concern. Your very own commitment to passing the message throughout was remarkably insightful and has frequently helped many people much like me to achieve their goals. The warm and helpful recommendations means a lot a person like me and far more to my colleagues. Thank you; from all of us.
golden goose shoes http://www.goldengoose-shoes.us.com
Reply longchamp
6:22 on 13 December, 2020 
I in addition to my guys appeared to be studying the nice hints from your website then the sudden I had a horrible suspicion I had not expressed respect to the blog owner for those strategies. These ladies happened to be for this reason thrilled to study all of them and now have truly been tapping into those things. Thank you for being quite helpful as well as for deciding on certain very good useful guides most people are really eager to be aware of. My personal sincere apologies for not saying thanks to you earlier.
longchamp http://www.long-champ.us.com
Reply a bathing ape
6:22 on 13 December, 2020 
A lot of thanks for your entire hard work on this site. My mom take interest in making time for investigation and it's really easy to understand why. A number of us know all relating to the dynamic medium you make worthwhile thoughts on the web site and in addition invigorate participation from other individuals on that article plus our favorite daughter has been studying so much. Enjoy the rest of the year. You're the one conducting a stunning job.
a bathing ape http://www.bape-clothing.us
Reply stone island
6:22 on 13 December, 2020 
I precisely needed to say thanks all over again. I'm not certain the things I would have achieved in the absence of the actual suggestions discussed by you on that theme. It had become the frustrating situation in my view, but viewing a expert strategy you resolved it took me to cry with contentment. I will be happier for this support and as well , trust you are aware of a great job you're doing teaching many others by way of your blog. More than likely you've never encountered any of us.
stone island http://www.stone-island.us.com
Reply KiaIcent
5:54 on 13 December, 2020 
levitra soft online
Reply yeezy shoes
5:05 on 13 December, 2020 
I just wanted to write a brief comment so as to say thanks to you for the nice secrets you are giving here. My time consuming internet investigation has at the end been paid with reliable points to talk about with my classmates and friends. I would express that many of us readers actually are really lucky to be in a useful network with so many outstanding people with insightful tactics. I feel quite fortunate to have come across your webpages and look forward to many more pleasurable times reading here. Thank you again for everything.
yeezy shoes http://www.yeezysshoes.us.com
Reply chrome hearts online store
5:05 on 13 December, 2020 
I simply needed to say thanks yet again. I'm not certain the things that I might have sorted out without those suggestions discussed by you regarding this concern. It was the depressing circumstance in my view, nevertheless witnessing a well-written mode you handled the issue took me to cry for fulfillment. Now i am happy for this advice as well as hope that you comprehend what a powerful job that you are putting in teaching some other people all through your webblog. Probably you haven't met all of us.
chrome hearts online store http://www.chromeheartstoreonline.com
Reply kyrie 6
5:05 on 13 December, 2020 
I wish to show my appreciation to you for bailing me out of this trouble. Because of surfing throughout the the net and meeting suggestions that were not productive, I believed my entire life was over. Living minus the answers to the issues you have solved as a result of your guideline is a critical case, and ones that would have negatively affected my entire career if I had not come across the website. Your capability and kindness in dealing with every part was priceless. I am not sure what I would have done if I hadn't encountered such a subject like this. I am able to at this point relish my future. Thanks a lot very much for this impressive and results-oriented help. I will not be reluctant to propose your site to any individual who needs to have support on this issue.
kyrie 6 http://www.kyrie-6.com
Reply pandora outlet
5:05 on 13 December, 2020 
I truly wanted to type a small word to appreciate you for these fantastic ideas you are placing on this website. My extensive internet search has at the end of the day been paid with incredibly good content to share with my company. I 'd assert that most of us visitors are very much endowed to live in a decent network with many outstanding individuals with interesting concepts. I feel quite lucky to have used your entire web pages and look forward to tons of more enjoyable moments reading here. Thanks once again for a lot of things.
pandora outlet http://www.outletpandora.us.com
Reply LisaIcent
1:46 on 13 December, 2020 
viagra 1500mg
Reply yeezy 700
1:45 on 13 December, 2020 
Thanks so much for providing individuals with a very memorable possiblity to check tips from this website. It really is so cool and full of fun for me and my office colleagues to visit the blog nearly three times in one week to see the latest tips you have got. Of course, we're always pleased with your impressive points you serve. Some 3 tips on this page are ultimately the finest we've had.
yeezy 700 http://www.yeezys700.com
Reply golden goose sneakers
1:45 on 13 December, 2020 
Thank you so much for providing individuals with an exceptionally marvellous possiblity to read critical reviews from here. It is always so ideal plus packed with a good time for me personally and my office colleagues to visit your website a minimum of three times in 7 days to study the fresh stuff you have. And of course, I am also actually fascinated with all the mind-blowing secrets you give. Certain 2 points in this post are definitely the most impressive we've had.
golden goose sneakers http://www.goldengoose-sneakers.us
Reply longchamp bags
1:45 on 13 December, 2020 
I simply wanted to thank you so much once more. I do not know the things I would have tried without the type of aspects discussed by you about such a field. It became the frightful setting in my opinion, however , taking a look at your well-written manner you treated that made me to weep for delight. I'm thankful for your information and in addition pray you really know what a great job you are always putting in educating people today by way of your websites. Most probably you have never met all of us.
longchamp bags http://www.longchampshandbags.us
Reply yeezy shoes
1:44 on 13 December, 2020 
I as well as my pals ended up checking out the excellent helpful tips found on the blog while then developed a horrible feeling I never expressed respect to the web site owner for those strategies. These ladies came stimulated to see all of them and have now sincerely been taking pleasure in those things. Appreciation for turning out to be simply accommodating and then for using this form of awesome topics most people are really desperate to know about. My very own honest regret for not expressing gratitude to you earlier.
yeezy shoes http://www.yeezysshoes.us
Reply yeezy shoes
23:47 on 12 December, 2020 
A lot of thanks for all your labor on this site. Betty takes pleasure in doing research and it's easy to see why. We hear all relating to the dynamic ways you make very helpful guidelines through this blog and therefore increase contribution from some other people on the subject matter plus our own princess is actually discovering a whole lot. Enjoy the rest of the new year. Your carrying out a good job.
yeezy shoes http://www.yeezysshoes.us.com

Categories

0
/
Lightbox image