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.

6934 Comments

Reply jordan shoes
15:23 on 2 December, 2020 
My husband and i were now delighted when Albert could finish up his studies with the ideas he got from your own weblog. It's not at all simplistic just to always be releasing guidance that men and women could have been making money from. And we all keep in mind we have the blog owner to be grateful to for that. The most important illustrations you've made, the straightforward website menu, the relationships you will aid to create - it's got many incredible, and it is helping our son in addition to our family reckon that this concept is brilliant, and that is unbelievably essential. Thank you for all the pieces!
jordan shoes http://www.jordansshoes.us.org
Reply longchamp handbags
15:07 on 2 December, 2020 
I truly wanted to develop a quick comment in order to say thanks to you for all the magnificent tricks you are giving here. My time consuming internet investigation has at the end been rewarded with professional information to share with my co-workers. I would point out that most of us readers are quite fortunate to live in a remarkable network with so many perfect professionals with valuable opinions. I feel truly lucky to have seen your web site and look forward to many more excellent times reading here. Thank you once again for everything.
longchamp handbags http://www.longchampshandbags.us.org
Reply pandora jewelry
15:07 on 2 December, 2020 
I would like to show thanks to you just for rescuing me from this type of issue. After exploring through the internet and getting tricks that were not pleasant, I figured my entire life was done. Living minus the strategies to the problems you have fixed all through this article is a serious case, and the kind that could have in a wrong way affected my career if I had not noticed the blog. Your personal capability and kindness in dealing with the whole thing was tremendous. I don't know what I would've done if I hadn't come upon such a solution like this. I am able to now look ahead to my future. Thank you very much for the high quality and results-oriented guide. I won't be reluctant to propose the sites to anybody who needs and wants guidance about this matter.
pandora jewelry http://www.pandorasbracelet.us
Reply off white hoodie
15:06 on 2 December, 2020 
I wanted to type a simple word in order to appreciate you for the awesome items you are sharing on this site. My incredibly long internet research has at the end of the day been rewarded with reasonable facts to talk about with my companions. I 'd mention that we website visitors are extremely endowed to dwell in a superb network with very many brilliant individuals with beneficial tactics. I feel truly blessed to have seen your site and look forward to so many more cool times reading here. Thank you once more for a lot of things.
off white hoodie http://www.offwhitehoodie.us.com
Reply canada goose outlet
15:06 on 2 December, 2020 
I simply desired to thank you very much all over again. I do not know what I would have worked on in the absence of the actual tactics shown by you regarding my area of interest. It had become a real terrifying issue for me, nevertheless witnessing a expert mode you managed that made me to jump over fulfillment. Now i'm happy for this guidance and thus sincerely hope you are aware of a powerful job you're carrying out educating many others thru your web site. I am certain you have never met all of us.
canada goose outlet http://www.canadagoosejacket.us.org
Reply supreme hoodie
15:05 on 2 December, 2020 
I simply desired to appreciate you all over again. I am not sure the things I could possibly have tried without the basics discussed by you regarding such a concern. This has been a fearsome circumstance in my view, nevertheless encountering your specialized fashion you treated it forced me to weep for happiness. I am happy for your assistance as well as hope you comprehend what a powerful job you are putting in teaching the mediocre ones via a site. I know that you've never got to know all of us.
supreme hoodie http://www.supremehoodies.us
Reply yeezy boost 350 v2
15:05 on 2 December, 2020 
I intended to post you that bit of word to finally thank you very much yet again with your remarkable information you have contributed at this time. It is quite extremely generous with people like you to present extensively all a number of people could have offered for sale for an ebook in making some cash for themselves, chiefly now that you might well have done it in the event you considered necessary. Those concepts as well worked to be a easy way to be sure that other people online have the same desire the same as my personal own to learn a little more in terms of this condition. I'm certain there are numerous more pleasant moments ahead for people who check out your blog post.
yeezy boost 350 v2 http://www.yeezy-shoes.us.org
Reply pandora jewelry official site
15:05 on 2 December, 2020 
Thank you so much for giving everyone an extraordinarily brilliant possiblity to read critical reviews from this blog. It's usually so useful plus jam-packed with amusement for me and my office colleagues to visit your website nearly three times weekly to find out the fresh guides you will have. And of course, we are certainly happy with all the beautiful tricks you give. Some 3 points on this page are particularly the best we have all had.
pandora jewelry official site http://www.pandora-jewelrys.us.com
Reply jordan shoes
15:04 on 2 December, 2020 
I really wanted to make a small note to be able to thank you for the superb secrets you are giving on this site. My extended internet lookup has at the end of the day been honored with extremely good concept to exchange with my friends. I would tell you that many of us website visitors are very fortunate to be in a fabulous place with so many outstanding people with helpful plans. I feel somewhat fortunate to have come across the site and look forward to plenty of more thrilling minutes reading here. Thanks once more for all the details.
jordan shoes http://www.airjordansstore.com
Reply supreme clothing
14:24 on 2 December, 2020 
Needed to create you one tiny remark just to give many thanks as before considering the precious secrets you have shown at this time. This is simply unbelievably open-handed of you to supply unreservedly just what a few individuals might have made available for an electronic book to earn some bucks on their own, principally since you could have tried it in case you decided. Those pointers in addition served to provide a good way to be aware that someone else have the same dreams just like mine to grasp more and more in regard to this issue. I am certain there are a lot more enjoyable sessions in the future for individuals that check out your site.
supreme clothing http://www.supremes-clothing.com
Reply longchamp handbags
14:24 on 2 December, 2020 
I have to point out my respect for your generosity supporting those individuals that absolutely need guidance on in this theme. Your real dedication to getting the message all over was exceptionally useful and have surely encouraged employees just like me to get to their objectives. Your own insightful hints and tips can mean a lot to me and additionally to my office colleagues. Thank you; from everyone of us.
longchamp handbags http://www.longchampshandbags.us.org
Reply supreme clothing
14:24 on 2 December, 2020 
I enjoy you because of your entire work on this website. My daughter loves getting into research and it's obvious why. My spouse and i know all concerning the dynamic method you make functional tips and hints on this website and even strongly encourage contribution from people about this point then our simple princess is truly becoming educated a whole lot. Take advantage of the rest of the year. You are conducting a pretty cool job.
supreme clothing http://www.supremesclothing.us.org
Reply cheap jordans
14:24 on 2 December, 2020 
I am just commenting to let you be aware of of the nice experience our girl undergone visiting your web page. She figured out a good number of things, most notably how it is like to possess a very effective teaching character to have other people quite simply learn some extremely tough subject matter. You really surpassed my desires. Thanks for displaying the necessary, trustworthy, educational and even easy tips on this topic to Janet.
cheap jordans http://www.air-jordanshoes.us.org
Reply longchamp outlet
13:17 on 2 December, 2020 
I want to show some thanks to you just for rescuing me from such a crisis. After researching through the the web and getting tips which were not productive, I thought my entire life was well over. Living devoid of the solutions to the problems you've fixed all through your entire post is a serious case, as well as ones which could have adversely affected my career if I had not discovered your website. Your skills and kindness in dealing with all the pieces was excellent. I am not sure what I would've done if I hadn't come across such a step like this. I'm able to at this point relish my future. Thanks a lot very much for the expert and result oriented guide. I won't hesitate to endorse your blog to any individual who needs and wants direction about this subject matter.
longchamp outlet http://www.longchampoutlets.us
Reply yeezy
13:17 on 2 December, 2020 
I wanted to send you the very small remark to finally thank you again considering the amazing tricks you've featured at this time. It has been so remarkably open-handed with people like you to make extensively what exactly some people might have made available for an ebook to make some bucks on their own, precisely now that you might well have tried it in the event you wanted. The tactics in addition acted to provide a easy way to understand that other people have similar zeal like my personal own to figure out somewhat more with respect to this issue. I'm sure there are some more pleasurable situations ahead for folks who view your blog.
yeezy http://www.yeezy350boost.us.com
Reply jordans
13:17 on 2 December, 2020 
My wife and i have been really fulfilled when Emmanuel managed to deal with his investigation from your precious recommendations he acquired out of your blog. It's not at all simplistic to simply choose to be giving away secrets and techniques that many the others have been selling. And we also do know we need the writer to give thanks to for this. All the illustrations you have made, the simple website menu, the friendships you will help instill - it's got all remarkable, and it is leading our son and us know that that topic is awesome, and that is unbelievably fundamental. Thank you for all the pieces!
jordans http://www.cheapjordans.us.com
Reply kyrie 5 spongebob
13:17 on 2 December, 2020 
I wish to point out my gratitude for your generosity for men and women that have the need for assistance with in this topic. Your special dedication to getting the solution around had become exceedingly significant and have truly permitted many people like me to reach their pursuits. Your entire warm and friendly advice implies a whole lot to me and much more to my office colleagues. Regards; from each one of us.
kyrie 5 spongebob http://www.kyrie5spongebob.us
Reply golden goose sneakers
13:16 on 2 December, 2020 
I and my friends have been checking the best pointers found on your web page and at once I got a horrible suspicion I never expressed respect to the web site owner for those strategies. All of the men are already as a result thrilled to study them and have actually been using those things. Thanks for simply being really accommodating and then for getting this sort of quality useful guides most people are really needing to know about. My personal honest apologies for not saying thanks to you sooner.
golden goose sneakers http://www.goldengooses.us
Reply supreme new york
12:31 on 2 December, 2020 
I want to convey my love for your kindness supporting individuals who absolutely need guidance on this one theme. Your very own dedication to passing the message around had been amazingly invaluable and has consistently enabled folks like me to reach their desired goals. This invaluable information can mean this much to me and extremely more to my peers. Thanks a ton; from all of us.
supreme new york http://www.supreme-clothings.us.com
Reply supreme new york
12:30 on 2 December, 2020 
Thank you for all your effort on this site. My niece loves managing research and it's really simple to grasp why. We all learn all of the lively medium you present helpful tips and hints on your website and as well as increase contribution from other individuals on this concern while our daughter is undoubtedly understanding a whole lot. Take advantage of the remaining portion of the new year. You have been doing a glorious job.
supreme new york http://www.supreme-newyork.us.com

Categories

0
/
Lightbox image