Page 16 - Buyers Presentation
P. 16
BUYING A HOME
Agency Relationship Types Benefits of Buying a Home Buy Now vs. Waiting
Mortgage and Loan Process Home Buying Process Making an Offer
Closing 101 The Tools
SANDERSTEAMREALTY.COM
THE MORTGAGE AND LOAN PROCESS
WHY PREQUALIFY?
We recommend our buyers get prequalified before beginning their home search. Knowing exactly how much you can spend on a home reduces the potential frustration of looking at homes beyond your means.
FINANCIAL PRE-QUALIFICATION/PRE-APPROVAL
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UNDERWRITING
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LOAN APPROVAL
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TITLE COMPANY
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FUNDING
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Application & interview
Buyer provides documentation including verification of employment
Credit report is requested
Appraisal scheduled for current home owned, if any
Loan package is submitted to underwriter
Parties are notified of approval
Loan documents are completed and sent to title
Title exam, insurance and title survey conducted Borrowers come in for final signatures.
Lender reviews the loan package Funds are transferred by wire
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(678) 888-3438
