2. We obtain and analyze your credit report.
3. We research and present to you various loan options specific to your needs and the current mortgage market conditions. We review these options and review your credit report. 4. We gather all necessary paperwork and information from you. 5. If necessary, we submit your loan file to a lender for review. I provide your realtor with a preapproval letter for a specific purchase price.6. The Hunt – At this point you can begin shopping. Once you have located the right home and made a winning offer, you sign a purchase contract that is contingent upon obtaining financing. Your realtor forwards a copy of this contract to me.7. Getting the Loan - We research and confirm the best program for you based on current market conditions and we submit your complete loan file to a lender. We advise you of the current mortgage market conditions and I advise you whether or not to lock in a rate at this time or in the future. 8. If necessary, we gather updated paperwork from you. You start shopping for homeowner’s insurance.9. We lock in your interest rate. We do this some time prior to closing and, more than likely, immediately after you enter into a purchase contract.10. We schedule an appraiser to appraise the subject property. You pay for the appraisal at this time. 11. The lender reviews your loan file and provides me with a conditional approval. 12. If the lender’s conditions necessitate it, we gather and provide to the lender additional documentation from you or other sources as specified by the lender.13. The lender reviews the additional information and approves your loan.14. After loan approval, we inform your realtor that the loan contingency may be removed.15. Signing - We order your loan documents to be drawn up.16. The lender draws up your loan documents and sends them to the escrow company. The escrow company provides me with an estimated closing statement and schedules a signing appointment with you. 17. We review the loan documents and confirm with you that they are correct. 18. You sign and after signing you tender all funds necessary to close. You provide proof of your homeowner’s insurance.19. Close of Escrow - The escrow company sends the signed documents to the lender for the lender to review and approve. The lender funds your loan. The escrow company records and closes your loan. 20. You are now the proud new owner of a home. Contact us today for personalized assistance. (415) 345-0794