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.

6936 Comments

Reply off white shoes
22:22 on 9 December, 2020 
I wish to show thanks to this writer just for rescuing me from this circumstance. As a result of scouting through the online world and meeting tricks which are not productive, I was thinking my life was well over. Living devoid of the approaches to the problems you have resolved by way of this post is a serious case, as well as those that would have in a negative way damaged my entire career if I hadn't come across your web page. Your talents and kindness in taking care of all the pieces was helpful. I'm not sure what I would've done if I hadn't come upon such a thing like this. I am able to at this point look ahead to my future. Thank you very much for your impressive and result oriented guide. I will not hesitate to propose your blog to any person who ought to have tips on this area.
off white shoes http://www.off-whiteshoes.us.com
Reply off white jordan 1
22:22 on 9 December, 2020 
I wanted to compose a small message in order to say thanks to you for all of the amazing concepts you are placing at this site. My long internet search has at the end of the day been paid with excellent suggestions to exchange with my pals. I would assert that many of us website visitors are very much fortunate to live in a fine site with so many lovely people with beneficial pointers. I feel very much lucky to have encountered your web pages and look forward to many more thrilling moments reading here. Thank you once more for everything.
off white jordan 1 http://www.offwhiteshoes.us.com
Reply nike lebron 15
22:22 on 9 December, 2020 
My wife and i were very fortunate that Edward managed to carry out his reports using the precious recommendations he obtained from your own weblog. It is now and again perplexing to simply find yourself giving away tactics which a number of people have been trying to sell. Therefore we consider we've got the website owner to give thanks to for this. The entire illustrations you have made, the simple blog menu, the relationships you give support to engender - it's got all astonishing, and it's really making our son in addition to us recognize that this theme is exciting, which is certainly particularly pressing. Thanks for all!
nike lebron 15 http://www.lebron15.net
Reply moncler
22:22 on 9 December, 2020 
My husband and i were now satisfied when Edward could finish up his investigation through the entire ideas he discovered from your own weblog. It's not at all simplistic just to be handing out guidance some others may have been trying to sell. Therefore we take into account we have the writer to appreciate for that. The entire illustrations you've made, the straightforward site menu, the relationships you make it possible to engender - it's many wonderful, and it's really leading our son in addition to the family reckon that this content is fun, and that's really pressing. Thank you for all!
moncler http://www.monclercoat.us.com
Reply cheap jordans
21:14 on 9 December, 2020 
I precisely wanted to thank you very much again. I'm not certain what I might have handled without those tricks shared by you concerning such problem. Completely was a very difficult circumstance for me personally, but observing a skilled strategy you handled it made me to cry with contentment. I'm just happy for this information and hope that you realize what an amazing job that you're accomplishing teaching people with the aid of a web site. I am sure you've never come across all of us.
cheap jordans http://www.air-jordanshoes.us.org
Reply kd shoes
21:14 on 9 December, 2020 
I am writing to let you understand what a excellent discovery our princess obtained studying your site. She discovered some things, not to mention how it is like to possess an amazing teaching style to get many people very easily have an understanding of a variety of extremely tough matters. You truly surpassed her desires. Many thanks for coming up with such helpful, dependable, explanatory and also easy tips about this topic to Mary.
kd shoes http://www.kd-shoes.us
Reply lebron james shoes
21:14 on 9 December, 2020 
My spouse and i got so cheerful Louis managed to finish up his studies while using the precious recommendations he discovered while using the weblog. It is now and again perplexing to simply find yourself giving for free helpful hints which usually the others have been selling. And we also realize we've got the writer to thank because of that. These explanations you have made, the easy blog menu, the relationships you will make it possible to foster - it's mostly impressive, and it's aiding our son in addition to us reckon that the situation is fun, which is certainly truly indispensable. Many thanks for everything!
lebron james shoes http://www.lebronjames.us.com
Reply cheap jordans
21:13 on 9 December, 2020 
I not to mention my buddies happened to be analyzing the excellent guidelines from your web blog and all of a sudden got a terrible feeling I had not thanked the web site owner for those strategies. The guys happened to be absolutely glad to learn them and now have very much been loving them. Many thanks for genuinely considerably thoughtful and then for settling on this kind of fine topics most people are really needing to know about. My very own honest apologies for not saying thanks to earlier.
cheap jordans http://www.cheapjordan.us
Reply yeezy boost 700
21:13 on 9 December, 2020 
I am commenting to make you be aware of what a fabulous encounter my wife's princess undergone reading the blog. She discovered a good number of issues, with the inclusion of how it is like to possess an ideal giving character to let certain people quite simply gain knowledge of chosen specialized matters. You undoubtedly surpassed our desires. Many thanks for imparting these precious, dependable, edifying and as well as easy tips about the topic to Tanya.
yeezy boost 700 http://www.yeezy700.us.com
Reply kyrie 6
20:21 on 9 December, 2020 
Thanks for all of the hard work on this web page. Betty take interest in going through investigation and it's really easy to see why. We all learn all about the compelling ways you convey effective secrets on your web blog and as well attract response from website visitors on that topic while our own daughter is always being taught a great deal. Take pleasure in the rest of the year. You're performing a useful job.
kyrie 6 http://www.kyrie-6.com
Reply air jordan shoes
20:21 on 9 December, 2020 
I have to express my love for your kindness supporting all those that absolutely need help on this one question. Your very own dedication to passing the message all around had been particularly good and has without exception allowed others like me to achieve their desired goals. This helpful publication entails a lot a person like me and substantially more to my peers. Thanks a lot; from everyone of us.
air jordan shoes http://www.jordansshoes.us.org
Reply air jordan
20:21 on 9 December, 2020 
I would like to get across my passion for your kindness giving support to women who must have guidance on your topic. Your real dedication to getting the message all through has been exceptionally practical and has frequently empowered girls much like me to reach their ambitions. Your own useful key points means a whole lot to me and further more to my peers. Many thanks; from all of us.
air jordan http://www.airjordansstore.com
Reply yeezys
20:21 on 9 December, 2020 
I intended to post you one very little observation just to say thank you again for those unique solutions you have shown here. It is so seriously generous with people like you to present unhampered just what a number of us could possibly have marketed as an e-book in making some cash on their own, particularly considering that you could have tried it in case you wanted. Those techniques also served to become easy way to comprehend other people online have the same dream the same as mine to know lots more around this condition. I know there are numerous more pleasant moments ahead for folks who start reading your blog post.
yeezys http://www.adidasyeezysupply.com
Reply supreme
19:39 on 9 December, 2020 
I am just writing to make you understand of the cool experience my friend's daughter undergone browsing the blog. She discovered a good number of things, with the inclusion of how it is like to have an ideal giving heart to get the others without problems comprehend certain very confusing issues. You really did more than readers' desires. Many thanks for supplying those powerful, safe, educational and fun guidance on that topic to Julie.
supreme http://www.supremes.us.org
Reply yeezy boost 350 v2
19:39 on 9 December, 2020 
I enjoy you because of your entire effort on this web page. Kim really likes managing internet research and it is obvious why. We all learn all regarding the compelling means you convey worthwhile tips and hints via this blog and therefore inspire contribution from website visitors on the situation plus my girl is undoubtedly studying a whole lot. Take advantage of the remaining portion of the new year. You have been carrying out a stunning job.
yeezy boost 350 v2 http://www.yeezyboost-350v2.us.com
Reply steph curry shoes
19:39 on 9 December, 2020 
My spouse and i ended up being quite glad Chris managed to complete his web research while using the ideas he acquired out of your blog. It's not at all simplistic to simply always be giving out techniques which usually some other people may have been making money from. And we take into account we need the blog owner to appreciate because of that. The type of illustrations you've made, the straightforward site navigation, the relationships your site aid to foster - it's most overwhelming, and it's aiding our son in addition to our family consider that that theme is amusing, which is certainly very vital. Thank you for all the pieces!
steph curry shoes http://www.stephcurry.us
Reply supreme sweatshirt
19:38 on 9 December, 2020 
I am just commenting to let you know of the fine encounter my cousin's child found viewing your blog. She figured out several pieces, with the inclusion of what it is like to have an incredible teaching mindset to make the mediocre ones clearly know just exactly certain grueling matters. You actually surpassed visitors' expected results. Many thanks for presenting these powerful, trustworthy, educational and as well as fun thoughts on that topic to Ethel.
supreme sweatshirt http://www.supremeshirt.us.com
Reply jordans
18:58 on 9 December, 2020 
I wish to express thanks to this writer just for rescuing me from this particular issue. Right after looking through the search engines and finding basics that were not beneficial, I thought my life was over. Being alive devoid of the solutions to the issues you have sorted out all through the short article is a serious case, and the ones that might have in a negative way affected my entire career if I had not encountered the website. Your actual natural talent and kindness in playing with almost everything was invaluable. I don't know what I would've done if I hadn't discovered such a thing like this. It's possible to at this moment look ahead to my future. Thanks for your time very much for this professional and result oriented guide. I will not hesitate to suggest your site to anybody who will need tips about this topic.
jordans http://www.air-jordanshoes.us.org
Reply golden goose outlet
18:58 on 9 December, 2020 
I would like to express my appreciation for your generosity in support of persons that need assistance with this one question. Your special dedication to getting the solution up and down had become especially beneficial and has in most cases permitted folks like me to arrive at their objectives. Your own informative hints and tips can mean this much to me and much more to my mates. With thanks; from everyone of us.
golden goose outlet http://www.goldengoose-outlet.us.com
Reply moncler
18:58 on 9 December, 2020 
I want to point out my respect for your kind-heartedness giving support to folks that need help with this topic. Your very own dedication to passing the message along appears to be exceedingly insightful and has continually encouraged regular people just like me to attain their desired goals. Your personal interesting help and advice signifies much to me and especially to my mates. Warm regards; from all of us.
moncler http://www.monclerjackets.us

Categories

0
/
Lightbox image