Blogs Tagged: loan application

Getting a Loan - Step 7: Closing

Posted On: Thursday, February 9, 2012 - 5:47am | Posted By: dianehourany
Topics: Buyers and Sellers

Yes! Your loan for your new home has been approved, the loan documents have been drawn and sent to the title company for you to sign. Once you've signed all the documents, the next and final step is the closing.

Getting a Loan – Step 6: Documents Are Drawn

Posted On: Wednesday, February 8, 2012 - 5:46am | Posted By: dianehourany
Topics: Buyers and Sellers

You've made an offer that has been accepted by the seller, your mortgage broker has sent in your loan package and the lender has not only approved you but the home you're buying. They've agreed to give you the money!

What's next?

Getting a loan - Step 5: Loan Approval

Posted On: Monday, February 6, 2012 - 5:31am | Posted By: dianehourany
Topics: Buyers and Sellers

Your offer on your dream home has been accepted and the loan application is in process. Now you're waiting for the final loan approval.

Getting a Loan - Step 4: Loan Submission

Posted On: Friday, February 3, 2012 - 5:32pm | Posted By: dianehourany
Topics: Buyers and Sellers

Your loan for your dream home is in process: you've submitted all your paperwork, the mortgage broker has ordered your credit report and the preliminary title report on the property, as well as an appraisal. The next step is for your mortgage broker to submit all of this documentation to the lender.

Getting a Loan - Step 3: Awaiting the Documentation

Posted On: Thursday, February 2, 2012 - 4:35am | Posted By: dianehourany
Topics: Buyers and Sellers

Your offer has been accepted for your dream home and your mortgage broker has begun the process of getting loan approval for you. He's ordered the documentation the bank requires.

Now we're Awaiting Documentation.

Getting a Loan - Step 2: Ordering the Documentation

Posted On: Wednesday, February 1, 2012 - 5:21am | Posted By: dianehourany
Topics: Buyers and Sellers

Yesterday we talked about the first step in getting a loan to finance your home purchase. After selecting a qualified, local mortgage adviser and providing him with your paperwork, he has issued a pre-approval letter for you to submit with the offer for your home. When your offer is accepted, things kick into high gear.


Find Out What It Takes to Get a Loan These Days

Posted On: Tuesday, January 31, 2012 - 3:19pm | Posted By: dianehourany
Topics: Buyers and Sellers

Before you even start your house hunting, you need a license! I liken the pre-approval letter from a qualified mortgage broker to a license to go house hunting. Without that piece of paper, you may think you know how much you can afford to pay for a home, but the banks may have a different idea of what you can qualify for.

10 Steps to Successfully Buying a Home - Step 3: Loan Application Checklist

Posted On: Wednesday, January 11, 2012 - 6:00am | Posted By: dianehourany
Topics: Buyers and Sellers

There are 9 simple steps to ensure success when you embark on your New Year's resolution to finally buy a home of your own. Step 1, the Initial Consultation, talked about the importance of our first meeting to evaluate your needs and your resources. Step 2, we talked about the Loan Consultation.

Step 3 - The Loan Application Checklist. Today, we talk about what you will need to apply for a loan.