The NHL Mortgage Group is a local boutique Texas mortgage lender that focuses on RAVING fan customer service and GREAT mortgage rates!
Shopping Basket
Your Basket is Empty
Quantity:
Subtotal
Taxes
Delivery
Total
Need a mortgage prequalification letter? Call us NOW at 469-363-3298!
Blog
Blog
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!
The words you entered did not match the given text. Please try again.
6930 Comments
Reply
kyrie 6
13:56 on 19 October, 2020
I simply needed to say thanks yet again. I am not sure what I would have worked on in the absence of the type of aspects contributed by you on this area. It seemed to be an absolute scary dilemma for me personally, however , observing the expert strategy you handled that made me to weep for contentment. Now i am happier for the guidance and thus hope that you find out what a powerful job you have been putting in instructing other individuals through your webpage. I know that you've never encountered any of us.
kyrie 6 http://www.kyrieirvingshoes.us.com
kyrie 6 http://www.kyrieirvingshoes.us.com
Reply
yeezy shoes
13:56 on 19 October, 2020
Thanks so much for giving everyone a very terrific possiblity to read articles and blog posts from this website. It's usually very awesome and packed with fun for me and my office friends to search the blog a minimum of 3 times every week to study the latest secrets you have got. And definitely, we're actually amazed with your sensational knowledge you serve. Certain 4 points in this article are particularly the simplest I have ever had.
yeezy shoes http://www.yeezy-shoes.us.org
yeezy shoes http://www.yeezy-shoes.us.org
Reply
kobe shoes
13:56 on 19 October, 2020
I wanted to create you the little bit of note to thank you once again with your pretty techniques you've shared on this website. It was really pretty generous with you to provide openly precisely what many people could possibly have supplied for an ebook to make some profit on their own, most importantly now that you might well have done it if you ever decided. Those tips additionally acted to be a good way to fully grasp other people online have the same dream really like my personal own to grasp more and more with regards to this condition. Certainly there are many more enjoyable times in the future for individuals who go through your site.
kobe shoes http://www.kobesneakers.com
kobe shoes http://www.kobesneakers.com
Reply
pg shoes
13:55 on 19 October, 2020
A lot of thanks for every one of your work on this web page. Kate loves participating in investigations and it is obvious why. Many of us hear all of the compelling ways you provide both useful and interesting ideas through the web site and foster participation from other ones about this concept plus our own daughter is truly understanding a lot. Take pleasure in the rest of the year. You are carrying out a pretty cool job.
pg shoes http://www.paulgeorgeshoes.us.com
pg shoes http://www.paulgeorgeshoes.us.com
Reply
yeezy 500 blush
13:55 on 19 October, 2020
My spouse and i felt really satisfied when Albert managed to carry out his investigations through your precious recommendations he came across using your web page. It is now and again perplexing just to happen to be giving for free facts that some other people may have been making money from. Therefore we grasp we have got the writer to give thanks to for that. The type of explanations you have made, the easy web site menu, the relationships your site give support to engender - it is mostly overwhelming, and it's really helping our son and us believe that that theme is pleasurable, and that is tremendously essential. Thanks for everything!
yeezy 500 blush http://www.yeezy-500.us.com
yeezy 500 blush http://www.yeezy-500.us.com
Reply
kyrie 6
13:55 on 19 October, 2020
I as well as my friends came taking note of the excellent pointers found on the blog while quickly came up with an awful suspicion I had not expressed respect to the web site owner for those tips. These men ended up so happy to learn them and have simply been tapping into them. I appreciate you for indeed being very considerate and also for considering some nice themes most people are really desperate to be informed on. My very own honest regret for not expressing appreciation to earlier.
kyrie 6 http://www.kyrie6.org
kyrie 6 http://www.kyrie6.org
Reply
kd13
13:54 on 19 October, 2020
I really wanted to send a note to say thanks to you for those lovely tips and tricks you are giving out here. My extended internet investigation has now been honored with brilliant knowledge to share with my contacts. I would claim that we visitors actually are really endowed to dwell in a superb community with very many brilliant people with helpful tactics. I feel very blessed to have come across your web site and look forward to really more exciting moments reading here. Thanks again for a lot of things.
kd13 http://www.kd13.us
kd13 http://www.kd13.us
Reply
DenIcent
11:00 on 19 October, 2020
sildenafil 10 mg tablet how to cialis cymbalta 100mg kamagra oral jelly 100mg price in india advair no prescription
Reply
Paper Writer Free
5:59 on 19 October, 2020
write a speech i need help with geometry homework writing a research proposal
Reply
MarkIcent
4:02 on 19 October, 2020
cialis daily generic sildenafil online female viagra prescription plaquenil tab 200mg generic differin trazodone 100 mg
Reply
MarkIcent
2:20 on 19 October, 2020
buy generic viagra canada online buy cialis black where to get viagra prescription
Reply
cheap jordans
22:25 on 18 October, 2020
I have to show appreciation to the writer just for rescuing me from this particular predicament. Because of exploring throughout the the net and seeing tricks that were not pleasant, I was thinking my life was gone. Being alive devoid of the solutions to the problems you have sorted out through your good posting is a critical case, as well as ones that could have negatively damaged my entire career if I had not discovered the blog. Your actual ability and kindness in maneuvering every item was helpful. I don't know what I would have done if I had not come upon such a point like this. I'm able to now look ahead to my future. Thanks a lot so much for the reliable and effective help. I won't think twice to suggest your web page to any person who needs and wants guidance about this situation.
cheap jordans http://www.cheap-airjordans.us.com
cheap jordans http://www.cheap-airjordans.us.com
Reply
yeezy 700
22:25 on 18 October, 2020
I not to mention my friends have been viewing the best recommendations located on your web blog and then quickly got a terrible suspicion I never thanked the website owner for those secrets. All of the guys are already consequently passionate to see all of them and have in effect simply been making the most of those things. Many thanks for really being so considerate as well as for picking out some very good subject areas millions of individuals are really desirous to be informed on. My honest apologies for not saying thanks to earlier.
yeezy 700 http://www.yeezys700.com
yeezy 700 http://www.yeezys700.com
Oops!
Oops, you forgot something.