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What is Credit
Pre-Qualilfication
Process
Appraisal
Title Insurance
Flood Insurance
Escrow
Financing a Condo
Temporary BuyDown
APR%
Good Faith Estimate
Truth In Lending
Mortgage Insurance
The mortgage process can be simplified to the following steps:
1) Complete Mortgage Application
2) Review Truth in Lending and Good Faith Estimate
3) Submit requested documentation
4) Loan package is submitted to the underwriting department
5) Receive a loan commitment with closing conditions
6) Lock interest rate with your loan officer
7) Prepare for Settlement