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 james shoes
1:05 on 16 May, 2021 
I have to point out my admiration for your generosity supporting those individuals that really want assistance with this particular area. Your very own commitment to passing the solution all-around appeared to be exceptionally functional and have regularly made guys and women like me to achieve their ambitions. This insightful key points can mean this much a person like me and extremely more to my office colleagues. Thanks a lot; from everyone of us.
lebron james shoes http://www.lebron18.net
Reply jordan shoes
0:04 on 16 May, 2021 
I must voice my admiration for your kindness giving support to men and women who absolutely need guidance on this particular question. Your very own dedication to passing the message along had become astonishingly powerful and has truly enabled guys and women like me to attain their endeavors. Your own interesting guide means a whole lot to me and still more to my mates. Thanks a lot; from each one of us.
jordan shoes http://www.jordan4.us.com
Reply supreme clothing
20:23 on 15 May, 2021 
A lot of thanks for all your valuable hard work on this website. My mum really loves participating in research and it's really obvious why. I know all concerning the dynamic mode you give reliable items on this web site and therefore cause response from visitors on that matter and our favorite daughter is learning so much. Enjoy the rest of the new year. You are always conducting a fabulous job.
supreme clothing http://www.supremeshoodie.com
Reply off white
19:31 on 15 May, 2021 
Thanks so much for giving everyone an extremely nice possiblity to read from this blog. It's usually so fantastic and full of fun for me and my office mates to search your site more than 3 times a week to learn the new stuff you have. And lastly, we're certainly fulfilled concerning the unbelievable inspiring ideas you serve. Certain 1 facts on this page are indeed the most beneficial we've had.
off white http://www.offwhiteoutlet.us.org
Reply irving shoes
18:24 on 15 May, 2021 
I intended to draft you one little note to be able to thank you so much once again for your personal incredible suggestions you have contributed on this site. This has been quite remarkably open-handed with you to present openly all numerous people might have offered for sale as an e-book to earn some cash on their own, principally since you might well have done it in the event you wanted. Those concepts as well worked like the good way to be aware that many people have similar interest similar to mine to know the truth more concerning this condition. I know there are some more pleasant times ahead for folks who examine your blog post.
irving shoes http://www.kyrieirving-shoes.us.com
Reply off white hoodie
17:10 on 15 May, 2021 
I as well as my buddies appeared to be checking the good guidelines found on your web site and then the sudden I got a terrible feeling I had not thanked the blog owner for those secrets. Most of the men ended up totally happy to study all of them and already have sincerely been tapping into them. Thank you for really being very accommodating and also for having some impressive useful guides millions of individuals are really desperate to understand about. My very own honest regret for not saying thanks to earlier.
off white hoodie http://www.offwhitehoodies.us
Reply kevin durant shoes
17:09 on 15 May, 2021 
My spouse and i were so happy that Raymond could finish up his research via the precious recommendations he got through the site. It's not at all simplistic to simply find yourself offering information that some people have been trying to sell. We really do know we've got the writer to give thanks to because of that. The most important explanations you have made, the simple website navigation, the friendships your site aid to foster - it's many remarkable, and it's helping our son in addition to us reckon that the situation is cool, and that's wonderfully indispensable. Many thanks for everything!
kevin durant shoes http://www.kevindurant-shoes.us.com
Reply golden goose outlet
17:08 on 15 May, 2021 
I would like to voice my appreciation for your generosity for those people who absolutely need guidance on this situation. Your special dedication to passing the message all-around had been remarkably practical and has truly empowered employees much like me to arrive at their pursuits. Your amazing interesting publication entails a lot a person like me and additionally to my office workers. Best wishes; from each one of us.
golden goose outlet http://www.goldengooseoutlets.us
Reply off white jordan 1
17:07 on 15 May, 2021 
I happen to be commenting to make you be aware of what a terrific encounter my cousin's girl obtained reading your site. She learned a lot of pieces, with the inclusion of how it is like to have a very effective coaching character to get other individuals really easily know various problematic topics. You undoubtedly did more than our expectations. Thank you for supplying such insightful, safe, explanatory and as well as cool tips about this topic to Sandra.
off white jordan 1 http://www.offwhite.us.com
Reply kyrie 7 shoes
17:06 on 15 May, 2021 
I enjoy you because of your whole hard work on this blog. My mom takes pleasure in engaging in research and it's easy to see why. A lot of people hear all relating to the compelling ways you make helpful ideas by means of this blog and as well as recommend contribution from other people on the subject while our favorite simple princess is without question studying so much. Take advantage of the remaining portion of the year. You're doing a first class job.
kyrie 7 shoes http://www.kyrie7.us
Reply air jordan
13:01 on 15 May, 2021 
My spouse and i ended up being so delighted that Michael could deal with his basic research through your precious recommendations he discovered through the blog. It is now and again perplexing just to possibly be making a gift of things which often others could have been trying to sell. And we also do understand we now have the blog owner to appreciate for that. The most important illustrations you made, the straightforward site navigation, the relationships you will give support to create - it's most superb, and it is leading our son in addition to us imagine that this theme is enjoyable, which is certainly exceptionally pressing. Thanks for all!
air jordan http://www.airjordansstore.com
Reply hermes belt
9:16 on 15 May, 2021 
I precisely wanted to thank you so much once again. I am not sure the things that I would've tried without these thoughts discussed by you concerning this theme. It seemed to be a very scary concern in my view, but being able to view the very expert manner you solved the issue made me to leap for gladness. Now i am happier for your assistance and thus have high hopes you know what an amazing job you have been accomplishing training most people through your web blog. I am sure you have never come across all of us.
hermes belt http://www.hermesbelts.com
Reply supreme new york
8:51 on 15 May, 2021 
I simply needed to say thanks again. I'm not certain what I might have achieved without these smart ideas revealed by you on such question. It previously was the distressing setting in my view, but seeing the expert approach you handled it forced me to leap over delight. Now i'm thankful for the work and thus wish you really know what a great job you are always accomplishing training the rest through your web page. I am certain you've never got to know all of us.
supreme new york http://www.supremenewyork.us.com
Reply kd shoes
8:46 on 15 May, 2021 
My spouse and i ended up being happy that Peter managed to carry out his researching from your ideas he obtained in your blog. It is now and again perplexing to just be giving freely solutions which often many people might have been selling. And we also realize we have you to give thanks to for that. Those illustrations you've made, the straightforward web site menu, the relationships your site make it possible to create - it's got most sensational, and it's helping our son and our family feel that that concept is amusing, which is certainly wonderfully indispensable. Many thanks for everything!
kd shoes http://www.kd12.us.com
Reply supreme clothing
8:45 on 15 May, 2021 
I am glad for commenting to let you understand what a beneficial encounter my cousin's daughter found viewing your webblog. She noticed a lot of pieces, most notably how it is like to possess a marvelous helping style to have a number of people easily completely grasp several grueling subject matter. You undoubtedly surpassed visitors' expected results. Many thanks for rendering such essential, safe, educational not to mention fun guidance on this topic to Jane.
supreme clothing http://www.supremeclothings.com
Reply stone island hoodie
8:45 on 15 May, 2021 
Thanks for all of the efforts on this blog. My daughter really likes going through investigation and it is obvious why. I hear all regarding the powerful means you create efficient tips and hints on your web blog and in addition inspire contribution from others on that issue then my child is undoubtedly studying a great deal. Enjoy the rest of the new year. You're doing a useful job.
stone island hoodie http://www.stoneislands.us
Reply yeezy 350
8:44 on 15 May, 2021 
I together with my buddies have been checking out the best thoughts located on your site then before long I got a terrible suspicion I never thanked you for those strategies. The people ended up glad to see them and have very much been enjoying these things. Appreciate your turning out to be very accommodating and also for using varieties of important guides most people are really wanting to learn about. My personal sincere regret for not saying thanks to earlier.
yeezy 350 http://www.yeezy-350.us.com
Reply golden goose
8:44 on 15 May, 2021 
I enjoy you because of each of your efforts on this web site. Kate takes pleasure in carrying out investigations and it is simple to grasp why. We all know all concerning the lively ways you offer sensible tips and tricks by means of your web blog and in addition recommend response from website visitors on the content so our princess is undoubtedly discovering so much. Take advantage of the remaining portion of the year. You're doing a remarkable job.
golden goose http://www.goldengooseoutletstore.com
Reply lebron 16 shoes
8:44 on 15 May, 2021 
I precisely wanted to thank you so much once more. I am not sure the things that I would've tried in the absence of the type of suggestions documented by you over that field. It actually was a very terrifying difficulty in my opinion, nevertheless being able to see your expert style you processed the issue took me to cry for contentment. I'm just thankful for this information and expect you really know what an amazing job you are undertaking training the mediocre ones using your website. Most probably you've never come across any of us.
lebron 16 shoes http://www.lebron16.us
Reply air jordan
8:43 on 15 May, 2021 
I together with my pals were found to be examining the good advice from your web site then unexpectedly got a terrible suspicion I had not expressed respect to the web blog owner for those techniques. All the young boys were warmed to learn them and have now truly been loving them. Appreciate your indeed being indeed kind and for selecting these kinds of very good things most people are really desirous to discover. My very own honest regret for not saying thanks to you earlier.
air jordan http://www.jordanshoes.us

Categories

0
/
Lightbox image