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.

6933 Comments

Reply yeezy 700
13:46 on 1 December, 2020 
I precisely wished to appreciate you again. I'm not certain the things that I might have tried without these creative ideas revealed by you directly on my theme. It was actually a very daunting difficulty in my position, but seeing the well-written manner you dealt with the issue made me to cry with joy. I'm just grateful for this information and thus have high hopes you realize what an amazing job that you are accomplishing teaching the mediocre ones using your blog. I am sure you've never come across all of us.
yeezy 700 http://www.yeezys700.com
Reply longchamp
13:46 on 1 December, 2020 
Thanks a lot for providing individuals with such a breathtaking opportunity to read in detail from this web site. It is always so fantastic and also full of a lot of fun for me and my office colleagues to search your blog at least three times a week to read through the latest guidance you have got. Not to mention, we are always happy concerning the breathtaking methods you serve. Certain 2 facts in this post are completely the best we've had.
longchamp http://www.longchampoutlets.us
Reply yeezy 700
13:46 on 1 December, 2020 
My wife and i got very contented Peter managed to finish up his homework using the ideas he was given when using the blog. It's not at all simplistic just to continually be offering tactics which often many people may have been selling. And we all fully grasp we have got the website owner to appreciate for that. The most important explanations you made, the easy site menu, the relationships you assist to create - it's many astounding, and it is leading our son in addition to the family consider that this article is thrilling, which is certainly really important. Many thanks for the whole lot!
yeezy 700 http://www.yeezy700.us.com
Reply supreme clothing
13:46 on 1 December, 2020 
I want to point out my admiration for your generosity giving support to those who should have guidance on this subject. Your real commitment to passing the solution all-around appeared to be astonishingly valuable and have always made others just like me to reach their endeavors. Your new warm and friendly key points implies a great deal a person like me and further more to my office colleagues. Warm regards; from all of us.
supreme clothing http://www.supremeoutlet.us.com
Reply kenzo
13:45 on 1 December, 2020 
I actually wanted to post a simple message so as to appreciate you for some of the remarkable solutions you are posting at this website. My prolonged internet look up has now been honored with reasonable tips to exchange with my two friends. I would claim that many of us site visitors are undeniably lucky to exist in a remarkable network with so many outstanding individuals with very beneficial ideas. I feel pretty grateful to have encountered your entire weblog and look forward to so many more enjoyable minutes reading here. Thank you again for everything.
kenzo http://www.kenzos.us
Reply yeezy boost 350 v2
11:50 on 1 December, 2020 
I really wanted to make a message so as to thank you for these nice pointers you are giving out at this website. My long internet lookup has at the end of the day been honored with sensible strategies to share with my great friends. I 'd declare that we readers actually are undoubtedly fortunate to dwell in a useful network with so many perfect professionals with helpful ideas. I feel somewhat fortunate to have seen the website page and look forward to tons of more fun times reading here. Thanks a lot again for all the details.
yeezy boost 350 v2 http://www.yeezy350boostv2s.us
Reply nike epic react
11:50 on 1 December, 2020 
Thank you for your own effort on this website. My niece delights in working on research and it's easy to understand why. My partner and i notice all about the powerful tactic you deliver simple solutions by means of your website and therefore boost contribution from others on this subject while our favorite daughter is understanding a whole lot. Take advantage of the rest of the year. You are always conducting a brilliant job.
nike epic react http://www.nikereact.org
Reply golden goose
11:50 on 1 December, 2020 
My husband and i have been now lucky that Raymond could finish off his investigations through the ideas he had from your site. It's not at all simplistic to simply possibly be giving freely guides that others have been trying to sell. We really discover we have the blog owner to be grateful to because of that. The specific illustrations you've made, the easy blog navigation, the relationships you help to promote - it is all fantastic, and it is helping our son and our family consider that that situation is entertaining, which is quite indispensable. Thanks for the whole thing!
golden goose http://www.goldengoosesonline.com
Reply nike shox for men
11:50 on 1 December, 2020 
I simply needed to thank you very much once again. I'm not certain what I would have created in the absence of the secrets revealed by you regarding that subject matter. Previously it was the distressing scenario in my position, nevertheless encountering a specialised approach you solved it took me to cry over joy. I am just grateful for your help and thus hope that you find out what a powerful job you are accomplishing educating people today through your web site. Probably you haven't met all of us.
nike shox for men http://www.nike-shox.us.com
Reply yeezy boost 350 v2
11:49 on 1 December, 2020 
I simply wanted to say thanks yet again. I am not sure the things I would have carried out without these opinions revealed by you over such question. This was a real frightening crisis in my position, but taking note of this skilled strategy you processed that made me to jump with fulfillment. I'm grateful for your assistance and then pray you realize what a great job you happen to be carrying out training people by way of your webpage. I am sure you have never come across any of us.
yeezy boost 350 v2 http://www.yeezyboost350v2stores.us.com
Reply yeezy boost 350 v2
10:29 on 1 December, 2020 
Thanks for your own labor on this site. My mom really loves getting into investigation and it's really easy to understand why. Almost all learn all relating to the powerful means you give simple tactics via your web site and as well increase participation from people on that topic so my child is always understanding a great deal. Have fun with the rest of the new year. Your conducting a wonderful job.
yeezy boost 350 v2 http://www.adidasyeezyboost350.us.com
Reply cheap jordans
10:28 on 1 December, 2020 
I am also writing to make you know of the brilliant encounter my girl went through visiting your web page. She even learned a good number of things, which included how it is like to possess a marvelous helping mood to let many people just completely grasp selected impossible topics. You truly exceeded people's desires. Many thanks for imparting those precious, trustworthy, informative as well as cool thoughts on the topic to Emily.
cheap jordans http://www.shoesjordan.us.com
Reply longchamp outlet
10:28 on 1 December, 2020 
Thank you for all of your hard work on this blog. My aunt delights in making time for investigation and it is easy to understand why. A number of us notice all relating to the dynamic way you give efficient ideas via this web site and as well as attract participation from other ones on that area so our own princess is without a doubt becoming educated a great deal. Take advantage of the remaining portion of the year. You are conducting a stunning job.
longchamp outlet http://www.longchampbagsoutlet.us
Reply stone island jacket
10:28 on 1 December, 2020 
Thank you so much for giving everyone a very superb chance to discover important secrets from this site. It is usually so brilliant plus stuffed with fun for me personally and my office peers to search the blog more than thrice in one week to learn the latest guides you have. And indeed, I'm so actually fascinated concerning the awesome ideas served by you. Certain 1 ideas in this article are truly the most effective we've had.
stone island jacket http://www.stoneislands.us
Reply golden goose
10:28 on 1 December, 2020 
I happen to be writing to make you be aware of of the cool discovery my girl undergone browsing your web page. She discovered a wide variety of pieces, which included what it is like to have an excellent helping mindset to have other people quite simply know just exactly selected grueling things. You truly exceeded my desires. I appreciate you for supplying those essential, dependable, revealing as well as unique tips about that topic to Ethel.
golden goose http://www.goldengoose-outlet.us.com
Reply supreme sweatshirt
10:27 on 1 December, 2020 
Needed to create you a little remark to help say thanks as before over the awesome tricks you've shared at this time. It was quite generous of you to present publicly exactly what numerous people could possibly have sold as an electronic book to make some bucks on their own, certainly seeing that you might well have done it in case you desired. The basics as well acted to be the fantastic way to fully grasp other people have the identical dream much like mine to find out a little more in terms of this problem. Certainly there are many more enjoyable sessions in the future for folks who discover your site.
supreme sweatshirt http://www.supremeshirt.us.com
Reply air jordan
10:27 on 1 December, 2020 
Thank you a lot for giving everyone an extraordinarily pleasant possiblity to read from this site. It is always so good plus packed with a lot of fun for me and my office acquaintances to visit the blog no less than three times in a week to read through the latest things you will have. Of course, I am at all times fulfilled concerning the great inspiring ideas you serve. Certain two points on this page are easily the most efficient we have had.
air jordan http://www.jordans.com.co
Reply birkin bag
10:27 on 1 December, 2020 
I simply wanted to thank you very much once again. I do not know the things that I would've used without the entire pointers provided by you directly on that theme. It became a real distressing matter in my view, however , witnessing your skilled mode you solved that forced me to leap over delight. I'm thankful for the service and even expect you are aware of an amazing job you are undertaking training the mediocre ones thru your web page. I know that you've never encountered all of us.
birkin bag http://www.hermesbirkinbags.us.com
Reply off white jordan 1
10:27 on 1 December, 2020 
I and my buddies have already been analyzing the nice helpful hints from the blog and then all of a sudden I had an awful feeling I never expressed respect to the website owner for those secrets. These ladies were for that reason excited to study all of them and have now surely been making the most of those things. I appreciate you for being well kind and for picking out varieties of outstanding topics millions of individuals are really needing to understand about. My sincere regret for not expressing appreciation to you sooner.
off white jordan 1 http://www.offwhitexjordan1.com
Reply adidas yeezy
10:26 on 1 December, 2020 
I wish to express thanks to the writer just for rescuing me from this matter. Right after browsing through the the net and coming across techniques which were not helpful, I figured my entire life was gone. Existing without the solutions to the issues you've resolved as a result of your main report is a serious case, and the kind that might have badly damaged my entire career if I had not encountered your blog. Your personal ability and kindness in playing with a lot of things was invaluable. I don't know what I would've done if I hadn't encountered such a solution like this. I'm able to at this moment relish my future. Thank you so much for this expert and result oriented help. I won't think twice to refer the sites to any individual who needs and wants guidelines about this subject.
adidas yeezy http://www.adidasyeezysupply.com

Categories

0
/
Lightbox image