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.

6936 Comments

Reply jordan retro
19:56 on 28 April, 2021 
Thanks so much for providing individuals with an extremely terrific opportunity to check tips from this web site. It is often very pleasurable plus full of a great time for me and my office colleagues to visit your site the equivalent of three times weekly to see the latest guidance you have got. And of course, we are usually fulfilled for the splendid creative ideas you give. Some 3 points on this page are rather the most suitable I have ever had.
jordan retro http://www.jordan-retro.us.com
Reply kobe
19:23 on 28 April, 2021 
I precisely wanted to thank you so much yet again. I'm not certain the things I might have undertaken without the hints provided by you directly on this subject. It had been the frightening issue for me personally, but observing the skilled strategy you processed the issue took me to weep with fulfillment. I am happy for your help and even sincerely hope you realize what a powerful job you are providing teaching the others through your webpage. Most likely you haven't come across all of us.
kobe http://www.kobe.us.com
Reply supreme clothing
19:22 on 28 April, 2021 
Thanks so much for providing individuals with an extraordinarily spectacular chance to check tips from this website. It is always very good plus stuffed with fun for me personally and my office peers to visit your site a minimum of three times in one week to read the fresh guidance you have got. And indeed, I am just actually happy with all the great hints served by you. Some 4 tips in this post are unequivocally the most suitable we have ever had.
supreme clothing http://www.supreme-clothings.us.com
Reply yeezy boost 350
19:22 on 28 April, 2021 
I as well as my buddies came checking the excellent suggestions found on the blog while immediately developed an awful suspicion I never thanked the blog owner for those secrets. My men happened to be so warmed to learn all of them and now have undoubtedly been loving them. Many thanks for getting simply accommodating and for deciding on this sort of notable resources millions of individuals are really needing to learn about. Our honest regret for not expressing appreciation to earlier.
yeezy boost 350 http://www.yeezy-boost350.us.com
Reply golden goose
17:41 on 28 April, 2021 
I simply wished to thank you so much once again. I do not know the things that I might have undertaken in the absence of the entire tricks provided by you relating to such theme. It truly was a real intimidating condition in my opinion, however , looking at the specialized strategy you processed the issue forced me to weep over happiness. Extremely thankful for the assistance and as well , have high hopes you realize what an amazing job that you're accomplishing instructing men and women thru your web blog. Most probably you've never come across any of us.
golden goose http://www.goldengooseoutletonline.us.com
Reply paul george
16:42 on 28 April, 2021 
My wife and i got really fortunate that Edward could round up his survey through the ideas he discovered when using the weblog. It is now and again perplexing just to possibly be giving for free ideas which the rest could have been making money from. So we realize we've got the blog owner to appreciate because of that. These explanations you've made, the simple website menu, the relationships you can make it easier to foster - it's got most fabulous, and it's really facilitating our son in addition to the family feel that the topic is enjoyable, which is incredibly indispensable. Thanks for all!
paul george http://www.paulgeorge.us.com
Reply kd12
16:29 on 28 April, 2021 
I precisely needed to thank you so much all over again. I'm not certain what I would've worked on in the absence of the entire techniques provided by you concerning such a area of interest. It truly was a real horrifying condition in my circumstances, nevertheless finding out this expert mode you solved the issue made me to leap over joy. I'm happy for this service and thus sincerely hope you know what a powerful job you have been undertaking instructing others thru your web site. Probably you've never come across all of us.
kd12 http://www.kd12.org
Reply kevin durant shoes
15:49 on 28 April, 2021 
I precisely desired to thank you very much again. I am not sure the things I could possibly have sorted out without the type of opinions shared by you on such a area. Previously it was the depressing case in my view, however , witnessing the specialised mode you handled that forced me to weep with joy. I am thankful for the advice and even trust you comprehend what a great job you happen to be accomplishing educating other individuals through the use of your websites. More than likely you haven't come across any of us.
kevin durant shoes http://www.kevindurant-shoes.us.com
Reply kyrie 6 shoes
14:45 on 28 April, 2021 
I simply wished to say thanks all over again. I am not sure the things I would've carried out in the absence of the entire secrets shared by you over my area of interest. It absolutely was an absolute frightful circumstance for me personally, however , understanding the very professional avenue you handled the issue forced me to cry with gladness. Now i am grateful for your advice and thus trust you recognize what a powerful job that you're doing educating many people using your webpage. I am certain you've never met all of us.
kyrie 6 shoes http://www.kyrie-6.com
Reply golden goose outlet
6:48 on 28 April, 2021 
I'm just writing to let you know what a outstanding experience my wife's daughter developed visiting your blog. She figured out some issues, which include what it is like to have a marvelous giving style to get a number of people with ease gain knowledge of various grueling topics. You truly exceeded our expected results. Thank you for presenting the precious, dependable, informative and fun tips about that topic to Emily.
golden goose outlet http://www.goldengoosesneakers.us.com
Reply jordan shoes
6:48 on 28 April, 2021 
I in addition to my buddies were checking the excellent hints on your web page and then immediately I had an awful suspicion I never expressed respect to the website owner for those techniques. Those ladies had been consequently thrilled to learn them and have now certainly been loving them. Thank you for actually being well helpful as well as for making a decision on variety of great information millions of individuals are really needing to be aware of. My very own honest apologies for not expressing gratitude to you earlier.
jordan shoes http://www.jordansshoes.us.org
Reply kd shoes
6:48 on 28 April, 2021 
I am just writing to let you know of the fabulous experience our daughter encountered using your web site. She picked up numerous issues, most notably what it is like to possess a marvelous giving spirit to let men and women with no trouble grasp a variety of problematic subject areas. You really surpassed my desires. Thank you for providing these interesting, safe, explanatory and even cool thoughts on that topic to Jane.
kd shoes http://www.kd13shoes.us
Reply lebron james shoes
6:47 on 28 April, 2021 
I truly wanted to make a quick message in order to thank you for these stunning instructions you are placing on this site. My time intensive internet research has at the end been rewarded with beneficial knowledge to write about with my friends. I would believe that many of us site visitors actually are quite blessed to dwell in a perfect community with so many awesome professionals with very helpful tips. I feel extremely blessed to have seen the web page and look forward to plenty of more entertaining moments reading here. Thanks a lot again for all the details.
lebron james shoes http://www.lebronjames-shoes.us.com
Reply yeezy boost 350 v2
6:46 on 28 April, 2021 
My husband and i have been quite lucky Peter managed to deal with his investigations through your precious recommendations he acquired from your own weblog. It is now and again perplexing to just possibly be freely giving strategies people today may have been making money from. We really consider we need the blog owner to give thanks to because of that. All of the explanations you've made, the straightforward site menu, the relationships your site make it easier to instill - it is everything extraordinary, and it is leading our son in addition to the family imagine that that subject matter is excellent, which is certainly wonderfully important. Many thanks for all!
yeezy boost 350 v2 http://www.yeezy-boost350.us.com
Reply bape hoodie
6:46 on 28 April, 2021 
I want to show some appreciation to the writer just for rescuing me from this type of predicament. Just after surfing around through the the web and coming across things that were not helpful, I was thinking my life was gone. Living devoid of the approaches to the difficulties you've solved all through this article content is a crucial case, and the ones that would have badly damaged my career if I hadn't encountered your blog post. Your primary natural talent and kindness in touching almost everything was useful. I don't know what I would have done if I had not come upon such a thing like this. I can also at this point look ahead to my future. Thanks a lot so much for your high quality and effective guide. I will not be reluctant to suggest your web page to anyone who would like support about this issue.
bape hoodie http://www.bapehoodie.us
Reply yeezy boost 350 v2
6:45 on 28 April, 2021 
I not to mention my pals came checking the excellent solutions on your web blog and then the sudden I had a horrible suspicion I never thanked the site owner for those strategies. My people appeared to be so happy to read them and now have unquestionably been enjoying those things. I appreciate you for indeed being really thoughtful as well as for making a decision on such excellent tips millions of individuals are really desperate to be aware of. My personal honest apologies for not expressing gratitude to you earlier.
yeezy boost 350 v2 http://www.yeezyboost350v2s.us
Reply air jordan
5:41 on 28 April, 2021 
I simply wanted to post a remark so as to express gratitude to you for the remarkable ways you are sharing at this site. My prolonged internet lookup has at the end been rewarded with reliable facts and techniques to write about with my family. I would tell you that most of us visitors actually are definitely blessed to live in a very good community with very many brilliant professionals with valuable advice. I feel rather happy to have discovered the website page and look forward to plenty of more awesome times reading here. Thank you once more for everything.
air jordan http://www.jordan1shoes.us
Reply kyrie 5 shoes
5:39 on 28 April, 2021 
I have to express some appreciation to you for rescuing me from this type of matter. Right after checking throughout the the web and meeting advice that were not beneficial, I figured my entire life was gone. Living minus the answers to the problems you have sorted out by means of your main short article is a critical case, and the ones that could have negatively damaged my entire career if I hadn't discovered the blog. Your personal knowledge and kindness in controlling every part was crucial. I'm not sure what I would have done if I hadn't come upon such a step like this. It's possible to at this moment relish my future. Thanks very much for your impressive and amazing help. I will not be reluctant to suggest your blog to any individual who will need assistance on this subject matter.
kyrie 5 shoes http://www.kyrie5.org
Reply supreme clothing
5:38 on 28 April, 2021 
I simply needed to thank you so much all over again. I am not sure the things I could possibly have tried in the absence of the entire tricks discussed by you regarding such situation. It actually was a very scary situation in my position, however , considering this well-written tactic you managed the issue forced me to cry with fulfillment. Extremely thankful for your assistance and thus have high hopes you know what a powerful job you were carrying out educating many people through the use of a site. I am sure you've never encountered any of us.
supreme clothing http://www.supremesoutlet.us.com
Reply golden goose sneakers
2:12 on 28 April, 2021 
Thank you so much for providing individuals with remarkably brilliant possiblity to read critical reviews from here. It is always very kind and as well , packed with a good time for me and my office colleagues to visit your blog at least thrice in 7 days to read through the fresh issues you have got. Of course, I am just at all times fascinated with your gorgeous ideas you give. Certain 4 areas in this article are easily the finest I've had.
golden goose sneakers http://www.golden-gooses.com

Categories

0
/
Lightbox image