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 balenciaga shoes
3:30 on 8 December, 2020 
I am writing to make you understand of the beneficial encounter my friend's daughter encountered viewing your site. She picked up several issues, which included how it is like to have a great giving heart to let certain people completely know just exactly a variety of extremely tough things. You undoubtedly did more than readers' desires. Many thanks for displaying those beneficial, safe, edifying and also easy guidance on that topic to Kate.
balenciaga shoes http://www.balenciaga.us.com
Reply cheap jordans
3:29 on 8 December, 2020 
I want to express my affection for your kind-heartedness giving support to those who really need assistance with this particular study. Your personal commitment to passing the solution all over ended up being amazingly productive and has truly empowered employees just like me to realize their desired goals. Your own interesting hints and tips means so much a person like me and substantially more to my colleagues. Warm regards; from everyone of us.
cheap jordans http://www.jordans.com.co
Reply Free Sex Chat Cams
1:25 on 8 December, 2020 
grannycams
Reply kobe basketball shoes
1:05 on 8 December, 2020 
I'm just writing to let you be aware of what a great discovery my wife's daughter went through reading through your blog. She realized plenty of things, which included what it's like to possess an ideal helping nature to have other individuals without difficulty have an understanding of several specialized things. You undoubtedly did more than our desires. Thank you for offering these helpful, safe, explanatory not to mention unique thoughts on the topic to Lizeth.
kobe basketball shoes http://www.kobebasketballshoes.net
Reply pandora outlet
1:05 on 8 December, 2020 
Thank you so much for providing individuals with an extraordinarily splendid possiblity to read from this site. It is often so amazing and as well , packed with amusement for me personally and my office acquaintances to search your web site on the least three times per week to find out the fresh items you will have. Not to mention, I am also always motivated with all the beautiful opinions you give. Some 4 points in this post are particularly the finest I've ever had.
pandora outlet http://www.outletpandora.us.com
Reply pandora
1:03 on 8 December, 2020 
I would like to convey my respect for your kindness giving support to those people who must have assistance with your subject. Your very own dedication to getting the solution all-around appears to be unbelievably advantageous and has usually enabled many people like me to get to their aims. The interesting useful information signifies this much a person like me and especially to my office workers. Many thanks; from everyone of us.
pandora http://www.pandorasbracelet.us
Reply birkin bag
1:02 on 8 December, 2020 
I have to show my respect for your kind-heartedness giving support to persons that require assistance with the field. Your real dedication to getting the solution across appears to be pretty informative and has frequently allowed some individuals just like me to achieve their goals. Your own interesting help and advice indicates this much a person like me and additionally to my fellow workers. Warm regards; from each one of us.
birkin bag http://www.birkinbag.us.com
Reply yeezy 380
1:01 on 8 December, 2020 
I definitely wanted to write down a small note to be able to say thanks to you for all of the awesome techniques you are placing on this website. My long internet investigation has now been recognized with reputable content to talk about with my friends and classmates. I 'd believe that most of us site visitors are undoubtedly fortunate to live in a decent site with so many brilliant professionals with great pointers. I feel pretty privileged to have come across your entire webpages and look forward to so many more amazing moments reading here. Thanks once more for a lot of things.
yeezy 380 http://www.yeezyboost380.us
Reply off white
0:26 on 8 December, 2020 
I precisely had to appreciate you all over again. I do not know the things that I would have created in the absence of the actual creative ideas revealed by you over such subject matter. It had become a very daunting problem in my opinion, nevertheless being able to see a new professional tactic you resolved that made me to leap for delight. Extremely grateful for your service and then sincerely hope you really know what an amazing job that you're providing teaching people today through your web site. I am certain you have never got to know all of us.
off white http://www.offwhitehoodies.us
Reply michael jordan shoes
0:26 on 8 December, 2020 
My wife and i felt quite happy Peter could conclude his research from the precious recommendations he obtained when using the blog. It is now and again perplexing just to find yourself making a gift of guidelines which usually a number of people have been making money from. And we all consider we need the writer to thank for this. The entire illustrations you made, the straightforward web site navigation, the relationships you will help create - it is all terrific, and it's facilitating our son in addition to our family reckon that the theme is awesome, and that's rather important. Many thanks for all!
michael jordan shoes http://www.michaeljordanshoes.us.com
Reply moncler
0:26 on 8 December, 2020 
I and also my pals were checking out the great secrets located on the website then before long I got an awful feeling I had not expressed respect to the web blog owner for those strategies. These guys became certainly excited to read all of them and already have unquestionably been loving these things. Thanks for turning out to be indeed accommodating and then for getting variety of brilliant guides millions of individuals are really needing to know about. My very own sincere apologies for not saying thanks to earlier.
moncler http://www.monclersoutletstore.com
Reply yeezy shoes
0:26 on 8 December, 2020 
I as well as my buddies appeared to be looking at the great information located on your web site while then got a horrible feeling I never expressed respect to the web site owner for those techniques. These young boys came so very interested to read through them and now have undoubtedly been using them. We appreciate you really being simply kind and also for using variety of fabulous things most people are really wanting to understand about. Our sincere apologies for not expressing appreciation to sooner.
yeezy shoes http://www.yeezyshoessupply.com
Reply jordan 1 off white
0:25 on 8 December, 2020 
Thanks a lot for giving everyone a very wonderful possiblity to read articles and blog posts from this site. It is usually so cool plus stuffed with fun for me personally and my office acquaintances to visit your site at the very least thrice per week to learn the new secrets you have. Not to mention, I am also always motivated with the perfect tactics you serve. Selected 1 tips in this posting are surely the best I've ever had.
jordan 1 off white http://www.offwhitejordan1.us.com
Reply balenciaga shoes
22:42 on 7 December, 2020 
I not to mention my friends happened to be analyzing the nice ideas from your web page and then then got a terrible feeling I had not expressed respect to the website owner for those strategies. The men came excited to study all of them and have in effect definitely been tapping into these things. Appreciation for turning out to be really thoughtful and then for considering varieties of decent ideas millions of individuals are really desperate to learn about. My personal sincere apologies for not expressing appreciation to you sooner.
balenciaga shoes http://www.balenciagasus.com
Reply canada goose jacket
22:41 on 7 December, 2020 
Thank you for all of your labor on this web site. Ellie really loves getting into research and it is simple to grasp why. We all learn all regarding the powerful mode you convey powerful items through the web site and as well cause contribution from the others on this point then our favorite child is always understanding so much. Take pleasure in the remaining portion of the new year. You're performing a terrific job.
canada goose jacket http://www.canadagooses-outlet.us.com
Reply golden goose
21:48 on 7 December, 2020 
I precisely desired to say thanks yet again. I'm not certain the things I might have tried without the strategies revealed by you over such a situation. It was a difficult condition for me personally, but taking note of this specialised mode you handled the issue took me to jump for contentment. I'm happier for this information and thus trust you know what an amazing job you happen to be getting into training many people with the aid of a web site. Most likely you've never come across all of us.
golden goose http://www.goldengooseoutlets.us
Reply supreme hoodie
21:47 on 7 December, 2020 
I and my guys happened to be reading through the excellent information and facts from your site and so the sudden developed an awful suspicion I had not expressed respect to you for those techniques. Most of the young boys happened to be consequently thrilled to read through all of them and have now sincerely been having fun with them. Many thanks for being quite thoughtful and then for making a choice on such incredibly good topics millions of individuals are really eager to be informed on. Our own sincere apologies for not saying thanks to you earlier.
supreme hoodie http://www.supremes-clothing.com
Reply moncler jacket
21:47 on 7 December, 2020 
My spouse and i ended up being now joyous Ervin could carry out his analysis by way of the ideas he grabbed through the web pages. It's not at all simplistic to simply continually be offering strategies which some others may have been making money from. And we all realize we need the blog owner to thank because of that. The specific explanations you made, the simple blog menu, the relationships you can give support to promote - it is everything wonderful, and it is facilitating our son and us reason why that theme is cool, and that's extraordinarily pressing. Thanks for the whole lot!
moncler jacket http://www.monclersoutletstore.com
Reply steph curry shoes
21:46 on 7 December, 2020 
I not to mention my buddies were found to be examining the best secrets and techniques located on your website and then instantly came up with a terrible feeling I had not expressed respect to you for those secrets. These young men happened to be as a consequence warmed to read all of them and already have very much been taking advantage of these things. We appreciate you genuinely so helpful as well as for deciding upon this kind of beneficial things millions of individuals are really wanting to discover. My very own honest regret for not expressing appreciation to you earlier.
steph curry shoes http://www.stephcurry.us
Reply cheap jordans
20:59 on 7 December, 2020 
I simply wanted to write a quick message so as to express gratitude to you for those marvelous suggestions you are sharing at this site. My particularly long internet search has finally been recognized with pleasant facts and techniques to talk about with my neighbours. I 'd repeat that many of us website visitors actually are unequivocally lucky to exist in a great community with very many awesome people with beneficial hints. I feel pretty grateful to have discovered your entire web site and look forward to tons of more entertaining times reading here. Thanks a lot again for everything.
cheap jordans http://www.cheap-airjordans.us.com

Categories

0
/
Lightbox image