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 hermes birkin
4:09 on 29 November, 2020 
I simply had to appreciate you again. I am not sure the things I might have undertaken without the type of tactics shown by you about that concern. Previously it was a very traumatic situation for me personally, but looking at a professional fashion you treated it forced me to jump with happiness. Now i am happier for the support and as well , believe you realize what an amazing job you have been carrying out instructing men and women thru your webblog. Probably you haven't met any of us.
hermes birkin http://www.hermesbirkinbags.us.com
Reply pandora
4:09 on 29 November, 2020 
I precisely needed to thank you so much again. I'm not certain the things that I would have taken care of in the absence of the type of ways provided by you concerning that question. It had been the intimidating dilemma in my circumstances, but taking note of the very skilled approach you resolved that took me to jump over delight. I'm grateful for this information and hope that you really know what a great job your are providing instructing people through the use of your webblog. Probably you've never met any of us.
pandora http://www.pandorasbracelet.us
Reply yeezy boost 380
4:09 on 29 November, 2020 
Thanks so much for providing individuals with a very pleasant chance to check tips from this site. It really is very good plus full of fun for me personally and my office fellow workers to search your site minimum thrice every week to study the newest secrets you have. And indeed, I'm so always pleased with your mind-boggling information you give. Selected 1 points in this post are clearly the best I've had.
yeezy boost 380 http://www.yeezyboost380.us
Reply lebron 15 shoes
1:36 on 29 November, 2020 
I have to show thanks to you for bailing me out of such a crisis. Because of browsing throughout the the net and seeing opinions which were not helpful, I assumed my entire life was well over. Existing devoid of the approaches to the difficulties you have resolved by means of this post is a serious case, and the ones which may have adversely affected my career if I hadn't noticed your blog. Your knowledge and kindness in touching every aspect was crucial. I am not sure what I would've done if I had not encountered such a step like this. It's possible to now relish my future. Thanks for your time very much for this expert and result oriented help. I will not be reluctant to suggest your web page to anybody who will need guide on this matter.
lebron 15 shoes http://www.lebron15.net
Reply birkin bag
1:36 on 29 November, 2020 
I precisely had to say thanks once again. I am not sure what I would've sorted out without the actual pointers shown by you over such theme. It was an absolute alarming problem in my circumstances, however , understanding this skilled mode you processed it took me to cry for happiness. I will be grateful for your assistance as well as trust you recognize what a great job you happen to be undertaking educating many people using a site. I know that you haven't met any of us.
birkin bag http://www.hermesbirkinbags.us.com
Reply supreme
1:36 on 29 November, 2020 
My spouse and i ended up being fulfilled Emmanuel could complete his researching because of the ideas he acquired from your own web pages. It's not at all simplistic just to happen to be handing out ideas which the rest might have been trying to sell. We really recognize we have the website owner to thank for that. These illustrations you've made, the straightforward blog menu, the friendships you make it possible to engender - it's got many extraordinary, and it is making our son in addition to our family imagine that that matter is cool, which is certainly particularly essential. Thanks for the whole thing!
supreme http://www.supremes.us.org
Reply yeezy wave runner 700
1:36 on 29 November, 2020 
I wish to express some appreciation to you for rescuing me from this particular issue. After browsing through the search engines and obtaining solutions which were not pleasant, I thought my life was well over. Being alive devoid of the approaches to the problems you have sorted out by way of the guideline is a serious case, as well as those that might have in a wrong way damaged my entire career if I hadn't come across your site. Your main natural talent and kindness in touching every aspect was valuable. I don't know what I would've done if I had not come across such a step like this. I can also now relish my future. Thanks so much for this specialized and result oriented help. I will not think twice to endorse your web blog to anyone who needs and wants counselling about this topic.
yeezy wave runner 700 http://www.yeezy700.us.com
Reply supreme
1:35 on 29 November, 2020 
I precisely wished to say thanks once again. I am not sure the things I would have created in the absence of the actual basics revealed by you concerning this question. Certainly was a frightful matter in my opinion, however , noticing the very specialised approach you solved it forced me to weep for joy. I'm just thankful for this guidance and even believe you comprehend what an amazing job that you are getting into educating the others through your blog. I'm certain you haven't met all of us.
supreme http://www.supreme-newyork.us.com
Reply yeezy boost 350
20:54 on 28 November, 2020 
I would like to show my appreciation for your kind-heartedness supporting folks who should have guidance on in this issue. Your personal dedication to getting the message across appeared to be particularly effective and has helped somebody like me to get to their aims. Your amazing warm and friendly instruction entails a great deal a person like me and extremely more to my peers. Thanks a lot; from all of us.
yeezy boost 350 http://www.yeezy-boost.us.com
Reply nike shox for men
20:54 on 28 November, 2020 
I wanted to put you the little note to be able to say thank you over again regarding the remarkable secrets you have shared above. It has been quite unbelievably open-handed with you to present openly what exactly most of us could have made available as an ebook in order to make some cash for their own end, especially since you could have done it in the event you considered necessary. Those smart ideas as well acted to become great way to realize that other individuals have a similar keenness similar to my personal own to find out a little more with reference to this issue. Certainly there are several more fun moments ahead for those who view your site.
nike shox for men http://www.nike-shox.us.com
Reply nike epic react
20:54 on 28 November, 2020 
I would like to convey my admiration for your generosity for men and women who really want guidance on that content. Your special commitment to getting the message up and down became especially valuable and have regularly enabled employees much like me to reach their goals. Your entire useful guide can mean a great deal a person like me and extremely more to my fellow workers. Thank you; from all of us.
nike epic react http://www.nikereact.org
Reply longchamp
20:53 on 28 November, 2020 
I want to get across my admiration for your generosity in support of men and women who should have help on this study. Your real commitment to getting the message all-around appears to be remarkably practical and have truly enabled professionals like me to arrive at their pursuits. Your entire helpful publication denotes a great deal a person like me and even further to my colleagues. Regards; from each one of us.
longchamp http://www.longchampoutlets.us
Reply lebron 15 shoes
20:53 on 28 November, 2020 
I simply needed to thank you so much again. I'm not certain the things I would've created in the absence of the entire tips and hints documented by you regarding this question. It had become a real depressing circumstance in my opinion, however , seeing the very well-written form you handled the issue made me to cry for joy. I'm just happy for your assistance and in addition hope that you are aware of a great job your are accomplishing teaching most people via your web page. Most likely you've never got to know any of us.
lebron 15 shoes http://www.lebron15.net
Reply supreme hoodie
20:33 on 28 November, 2020 
I together with my guys appeared to be checking out the best procedures found on your site and quickly I had an awful suspicion I had not expressed respect to you for those secrets. Those boys came for this reason excited to see all of them and have now extremely been using them. Appreciate your simply being considerably kind and then for getting such magnificent things most people are really desperate to discover. My very own sincere apologies for not expressing appreciation to sooner.
supreme hoodie http://www.supremes-clothing.com
Reply jordan retro
20:33 on 28 November, 2020 
I want to express my admiration for your generosity for women who should have assistance with this issue. Your personal dedication to passing the solution around had become especially valuable and has surely empowered those much like me to reach their aims. Your warm and friendly report signifies a whole lot to me and extremely more to my office colleagues. Thank you; from each one of us.
jordan retro http://www.jordan-retro.us.com
Reply yeezy boost 350 v2
20:33 on 28 November, 2020 
Needed to send you one tiny observation in order to thank you so much the moment again considering the pleasant solutions you've discussed at this time. It's really surprisingly generous with you in giving unhampered precisely what a few individuals might have supplied as an electronic book in order to make some profit for their own end, specifically now that you could have done it in case you wanted. The inspiring ideas in addition acted as the good way to know that most people have the same fervor just like my own to know many more pertaining to this problem. I am sure there are many more fun occasions in the future for folks who go through your blog post.
yeezy boost 350 v2 http://www.adidasyeezy350v2boost.com
Reply off white hoodie
20:32 on 28 November, 2020 
I'm also commenting to make you know of the useful discovery my wife's daughter developed browsing your blog. She mastered lots of details, most notably how it is like to possess an incredible teaching style to get many people with ease fully understand chosen complex subject matter. You undoubtedly surpassed people's desires. Many thanks for distributing the insightful, trustworthy, revealing and in addition easy thoughts on that topic to Evelyn.
off white hoodie http://www.offwhitehoodie.us.com
Reply bape outlet
20:32 on 28 November, 2020 
My spouse and i got quite relieved Louis managed to conclude his investigation out of the ideas he gained while using the web pages. It's not at all simplistic to simply happen to be making a gift of hints that many men and women may have been making money from. So we understand we've got the website owner to appreciate because of that. The type of illustrations you made, the easy web site menu, the friendships you will assist to foster - it's all excellent, and it's facilitating our son in addition to us understand this matter is amusing, and that's extremely serious. Many thanks for all the pieces!
bape outlet http://www.bapesonline.com
Reply yeezy shoes
20:32 on 28 November, 2020 
I simply had to thank you so much yet again. I do not know the things that I would've created in the absence of the entire aspects revealed by you over my topic. It was before a distressing concern in my view, but taking a look at this professional avenue you dealt with that made me to weep for happiness. Extremely happier for this information and in addition pray you realize what a great job your are accomplishing educating many others with the aid of a web site. I am sure you have never met all of us.
yeezy shoes http://www.yeezysneakers.us
Reply jordan 6
20:32 on 28 November, 2020 
I precisely wanted to appreciate you yet again. I'm not certain the things that I would've tried in the absence of the tactics shown by you regarding such a subject matter. It had been the frightening situation in my position, but taking note of the very specialised way you resolved it made me to weep for gladness. I'm just happier for your support and even expect you know what a powerful job you are always providing teaching the others thru your webblog. I'm certain you haven't got to know all of us.
jordan 6 http://www.jordan6.us.com

Categories

0
/
Lightbox image