The Mortgage Application Process

Wednesday, June 25, 2014

Now that you have negotiated a sales price and reached an agreement with the seller of your home, it is time to apply for your mortgage. You can first reach out to the lender that gave you the mortgage pre-approval, or any other lender if you desire. Since you now have a contract of sale and are ready to apply, it is not a problem to check out which lender can give you the lowest rates and fees.

Preparing yourself for a home purchase

Monday, June 16, 2014

Preparing yourself for a home purchase is very important. When you are investing in one of the biggest purchases of your life, you want to make sure you are ready. Here are things to consider that may help:

Final Loan Approval: Underwriting Explained

Thursday, June 5, 2014

Now that your lender has received your appraisal report, they can begin underwriting your file. The underwriter will make the ultimate decision of whether or not the loan is accepted or denied. They will verify all documentation submitted by the processing department and make sure the information meets the loan program guidelines.