Thursday, June 17, 2010

Steps to Homeownership ~ Made Easy

  1. Homebuyer obtains pre-qualification from Lender.
  2. Homebuyer purchases desired home with assistance of Real Estate Agent.
  3. Contract is accepted / Home is placed in escrow.
  4. Loan application is submitted to lender.
  5. Lender orders title & property appraisal.
  6. Loan materials are reviewed & processed.
  7. Loan submitted to underwriting for approval.
  8. Closing agent coordinates insurance, prepares transfer of final materials.
  9. Loan documents are signed.
  10. The loan is funded & recorded.
  11. Homebuyers get the keys to move into their new home.

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