Set a budget for how much you want to spend per month on a mortgage.
Underwriting
• Loan package is submitted to underwriter for approval
Loan approval
• Parties are notified of approval
• Loan documents are completed and sent to title
Title company
• Title exam, insurance and title survey conducted
• Borrowers come in for final signatures
Funding
• Lender reviews the loan package
• Funds are transferred by wire
Why pre-qualify?
• We recommend our buyers get pre-qualified before beginning their home search.
• Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means.