THE
PROCESS
01. CONSULTATION
Schedule a 15 minute call with me to discuss your scenario.
02. APPLICATION
Submit an application through my online portal.
03. PRE-APPROVAL
Get an underwritten approval in one business day and start house hunting.
04. ACCEPTED OFFER
You win the bid and schedule a home inspection. Simultaneously, we will update your file and request any documents that may have expired.
Now that both parties have come to an agreement we can discuss ordering the appraisal, working on a commitment letter, interest rates and programs.
05. CONTRACTS
Updated documents, disclosures and contracts are submitted to underwriting for a loan commitment.
06. LOAN SUBMISSION
& DISCLOSURES
The appraisal is ordered to make sure that the current value of the property is equal to or greater than the price you are paying.
07. APPRAISAL
The underwriter will list all the conditions that must be submitted and approved before we can fund the loan.
08. COMMITMENT
LETTER ISSUED
Once the appraisal has been approved and the title has been cleared, we will lock the interest rate.
09. LOCK IN RATE
10. REMAINING
CONDITIONS
All outstanding conditions are submitted to the underwriter for final approval.
Also known as a "clear to close" means that all conditions have been approved by the underwriter. Final numbers for closing will be issued as well as scheduling the closing.
11. FINAL APPROVAL
