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 lebron 16
21:50 on 1 December, 2020 
I simply wanted to compose a small comment in order to say thanks to you for the fantastic solutions you are posting at this website. My extensive internet look up has finally been honored with awesome concept to exchange with my family and friends. I would tell you that we website visitors are very lucky to live in a good website with many awesome people with very beneficial tips. I feel extremely happy to have come across your entire weblog and look forward to plenty of more fun minutes reading here. Thanks again for all the details.
lebron 16 http://www.lebron16.us
Reply steph curry shoes
21:49 on 1 December, 2020 
A lot of thanks for each of your efforts on this blog. Kate really loves conducting investigation and it's simple to grasp why. A lot of people know all of the dynamic medium you present functional guidelines through the blog and therefore boost response from some other people on this subject then our favorite child has been learning a lot of things. Take advantage of the rest of the year. You have been doing a useful job.
steph curry shoes http://www.stephencurry-shoes.us.com
Reply off white
21:25 on 1 December, 2020 
I simply wanted to develop a brief comment in order to express gratitude to you for those remarkable ways you are posting here. My extended internet search has at the end of the day been compensated with sensible content to talk about with my good friends. I 'd express that we visitors are very fortunate to exist in a fine place with many lovely professionals with very helpful strategies. I feel truly blessed to have encountered the web pages and look forward to some more cool moments reading here. Thanks a lot again for a lot of things.
off white http://www.offwhiteclothing.us.com
Reply curry 7 shoes
21:25 on 1 December, 2020 
Needed to send you that tiny remark in order to thank you again for all the pleasing views you've featured in this article. It was certainly shockingly open-handed with people like you to present publicly exactly what most of us might have offered for an e-book to earn some bucks for their own end, most notably considering that you could possibly have done it if you considered necessary. These smart ideas in addition acted as a fantastic way to recognize that some people have similar passion much like mine to learn a whole lot more with regard to this issue. I'm certain there are millions of more pleasant opportunities up front for folks who scan through your blog post.
curry 7 shoes http://www.curry7shoes.us
Reply jordan shoes
21:25 on 1 December, 2020 
I and also my buddies were found to be following the best things located on your site and then developed a horrible suspicion I had not thanked the blog owner for those strategies. All the guys came absolutely stimulated to study all of them and have in effect in actuality been making the most of these things. Appreciate your truly being simply accommodating and for getting such awesome issues most people are really wanting to be informed on. My personal honest apologies for not saying thanks to you sooner.
jordan shoes http://www.jordanshoes.us
Reply curry shoes
21:25 on 1 December, 2020 
I together with my pals ended up checking the best pointers on your web site and then instantly I got a horrible feeling I never thanked the web site owner for those tips. All the young boys are actually thrilled to learn them and now have honestly been enjoying these things. Appreciate your truly being so helpful and then for deciding on varieties of outstanding things most people are really desperate to know about. My very own honest apologies for not expressing gratitude to sooner.
curry shoes http://www.curryshoes.net
Reply jordan 6
21:24 on 1 December, 2020 
I truly wanted to construct a note in order to thank you for all of the fabulous advice you are placing here. My time-consuming internet research has now been rewarded with good information to write about with my friends and family. I would mention that many of us visitors actually are definitely lucky to live in a good site with so many marvellous people with very helpful tips. I feel pretty happy to have come across your entire web page and look forward to plenty of more awesome times reading here. Thanks again for everything.
jordan 6 http://www.jordan6.us.com
Reply birkin bag
20:09 on 1 December, 2020 
I wanted to type a message to be able to thank you for these lovely advice you are placing on this website. My particularly long internet search has at the end been compensated with good facts and strategies to go over with my close friends. I 'd assert that we readers actually are quite blessed to exist in a really good site with many perfect professionals with insightful tips and hints. I feel really happy to have discovered your webpages and look forward to so many more pleasurable times reading here. Thanks once more for a lot of things.
birkin bag http://www.birkinbag.us.com
Reply yeezy boost 350 v2
20:08 on 1 December, 2020 
Thanks for all your valuable hard work on this website. My daughter delights in doing research and it's easy to understand why. Almost all notice all regarding the lively means you make helpful information on your web blog and therefore cause participation from other individuals about this article then our own daughter is always discovering so much. Take advantage of the remaining portion of the new year. You have been conducting a powerful job.
yeezy boost 350 v2 http://www.yeezy-v2.com
Reply yeezy boost
20:07 on 1 December, 2020 
My spouse and i have been really glad John could complete his investigations out of the ideas he got when using the web page. It is now and again perplexing just to be releasing secrets and techniques which usually other folks may have been making money from. And we also grasp we've got the blog owner to thank for this. The specific explanations you have made, the simple web site menu, the relationships you aid to promote - it's got everything remarkable, and it is facilitating our son in addition to the family reason why this article is interesting, which is seriously mandatory. Many thanks for the whole thing!
yeezy boost http://www.yeezy-boost350.us.com
Reply curry 6 shoes
20:07 on 1 December, 2020 
I am only writing to make you know of the superb experience my cousin's daughter developed visiting your web page. She came to understand so many pieces, which included how it is like to possess a marvelous helping style to make many others quite simply know some complicated subject matter. You actually surpassed visitors' expectations. I appreciate you for coming up with such interesting, dependable, informative and in addition cool thoughts on your topic to Emily.
curry 6 shoes http://www.curry-6.us
Reply kyrie 5
20:07 on 1 December, 2020 
I as well as my guys came examining the best tips found on your web page while at once I got an awful feeling I never thanked the website owner for those techniques. Most of the young men had been absolutely thrilled to study all of them and have now actually been tapping into those things. I appreciate you for turning out to be well helpful and then for picking this sort of very good resources most people are really desirous to learn about. My honest apologies for not expressing appreciation to earlier.
kyrie 5 http://www.kyrie5.org
Reply golden goose
20:06 on 1 December, 2020 
I want to show some thanks to the writer just for bailing me out of this particular dilemma. After looking through the online world and obtaining recommendations which are not productive, I thought my life was done. Living without the solutions to the problems you have resolved through your entire guideline is a serious case, and the ones which may have in a wrong way affected my career if I had not noticed your blog. Your ability and kindness in playing with every part was very helpful. I don't know what I would have done if I had not encountered such a subject like this. I am able to at this point look ahead to my future. Thanks a lot very much for your impressive and sensible help. I won't hesitate to suggest the website to anybody who needs support about this matter.
golden goose http://www.goldengoosesneakers.us.com
Reply lebron 17 shoes
20:05 on 1 December, 2020 
I want to convey my gratitude for your kindness supporting persons that actually need help with this topic. Your real commitment to passing the solution all-around was certainly effective and have always empowered somebody like me to achieve their goals. Your amazing insightful advice implies this much to me and somewhat more to my office colleagues. Regards; from each one of us.
lebron 17 shoes http://www.lebron17s.us
Reply yeezy boost 350
20:00 on 1 December, 2020 
I and my pals have been checking out the great tips and hints found on your web blog while all of a sudden came up with a terrible suspicion I had not expressed respect to the website owner for those tips. My boys are actually as a consequence passionate to see all of them and have in effect absolutely been enjoying those things. Thank you for actually being well accommodating and for settling on this kind of useful issues millions of individuals are really desperate to be aware of. My sincere apologies for not expressing gratitude to you sooner.
yeezy boost 350 http://www.yeezyboost-350v2.us.com
Reply golden goose outlet
20:00 on 1 December, 2020 
I'm commenting to make you be aware of of the remarkable discovery my princess went through going through your web page. She even learned a wide variety of pieces, most notably what it is like to have a wonderful giving spirit to have the mediocre ones with ease gain knowledge of selected specialized issues. You really surpassed people's desires. Thank you for distributing those essential, trusted, revealing not to mention cool thoughts on the topic to Janet.
golden goose outlet http://www.goldengoosesonline.com
Reply yeezy boost 350
20:00 on 1 December, 2020 
I intended to create you this bit of remark to help say thanks once again with the striking guidelines you have discussed in this case. It has been so shockingly generous with people like you to allow without restraint precisely what a number of people would've offered for sale for an electronic book to generate some profit for their own end, most importantly since you might well have tried it in the event you wanted. The good tips also worked like a fantastic way to understand that other people online have similar fervor much like my personal own to figure out a great deal more related to this issue. I'm sure there are numerous more fun occasions ahead for individuals that read your site.
yeezy boost 350 http://www.yeezyboost350v2stores.us.com
Reply jordan retro
20:00 on 1 December, 2020 
I and my friends were taking note of the good points found on your web blog then quickly developed a terrible feeling I had not thanked the web site owner for those techniques. All of the women were definitely for this reason passionate to read through them and already have really been making the most of them. Many thanks for truly being indeed helpful as well as for finding variety of helpful areas most people are really desperate to know about. My sincere regret for not saying thanks to earlier.
jordan retro http://www.jordan-retro.us.com
Reply pg 1
18:50 on 1 December, 2020 
I as well as my friends have already been reading the good hints found on your website and so instantly developed a horrible suspicion I had not thanked the web site owner for those techniques. My boys happened to be for this reason excited to read them and have now without a doubt been tapping into these things. I appreciate you for truly being so kind and also for making a decision on varieties of superior things most people are really wanting to discover. My personal sincere apologies for not saying thanks to you sooner.
pg 1 http://www.paulgeorgeshoes.us.com
Reply curry shoes
18:50 on 1 December, 2020 
I as well as my buddies have been checking the great hints located on your site and so unexpectedly I had an awful suspicion I had not thanked the blog owner for those techniques. The boys were so passionate to read all of them and have now clearly been loving these things. Appreciate your turning out to be very helpful as well as for opting for certain helpful areas millions of individuals are really desperate to understand about. My personal honest regret for not saying thanks to earlier.
curry shoes http://www.stephcurry.us

Categories

0
/
Lightbox image