Mortgage Process Step #4
Underwriting has conditionally
approved your loan file!
Underwriting has conditionally approved your loan file!
The “Preapproval” milestone is an important step in the purchase loan process because is means that an underwriter has reviewed your complete file and is giving us a list of final documentation to submit prior to closing.
While we handle most of the steps at this stage of the process, we ask that you keep your financial documents handy in case we need them.
That’s about it! Just remember not to make any major changes to your finances, such as large purchases or new lines of credit.
This is great time to start planning for any utilities and services you may need to set up, as well as the physical move itself. So sit back and relax…we’ve got this part covered and we’ll let you know if we need anything!
Mortgage Loan Process
Step 1: Loan Application & Documentation
Step 2: Review
Step 3: Preapproval
Step 4: Accepted Offer
Step 5: Finalizing Your Application
Step 6: Appraisal
Step 7: Underwriting
Step 8: Clear To Close
Step 9: Wire Funds For Closing
Step 10: Final Closing Disclosure
Step 11: Closing
Please feel free to contact us at any time if you have any questions about your loan status or next steps in the process.
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