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Mortgage Process # 1

Process #1

Pre-Approval.

  • Speak with one of our Experienced Home Loan Experts
  • Evaluate Income, Assets and Credit
  • Receive a Pre-approval Letter
  • Submit a solid offer on your Dream Home

Learn more about this process.

 

Mortgage Process # 2

Process #2

Application.

  • Find a Home
  • Make an Offer
  • Get an Offer Accepted
  • Fill Out the Mortgage Application
  • Update Documentation as Needed
  • Review and Sign Disclosures

 

Mortgage Process # 3

Process #3

Processing.

  • Loan File is Reviewed
  • Additional Dcoumentation is Requested
  • File Submitted into Underwriting for credit decision to be made

 

Mortgage Process # 4

Process #4

Underwriting.

  • Loan File is Analyzed
  • Confirm Borrower Meets Guideline Requirements
  • Property/Appraisal is Evaluated
  • Loan is Approved with Conditions

 

Mortgage Process # 5

Process #5

Closing.

  • Loan Conditions Met and Cleared
  • Review of Final Closing Disclosure and Documents for Accuracy
  • Borrower to Sign Closing Documents
  • Loan Funded and Borrower Receives Keys to Dream Home

 


 

We hope this article was of value to you. For more great tips, bookmark our site and for all your mortgage needs, visit the A Team at TMFFMS.

 

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