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Thinking About Buying A Home? What To Know About The Mortgage Process

By
Real Estate Agent with Coldwell Banker Realty 179530

Thinking about buying a home? Need to apply for a mortgage? Have you started the process and found it overwhelming? No question about it, the process of applying for a mortgage has become more complicated and is more documentation-intensive than ever. So if you're feeling somewhat overwhelmed by the process, here's a great infographic and "cheat sheet" that tells you what you need to know about the process and will help you put it all into perspective.

 

Mortgage Application and Approval Process Infographic

 

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Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina the infographic does a good job of giving a good quick over view of the process.

Aug 15, 2015 08:39 AM
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

i love pics and graphs! makes it easier for me to understand :) . great tool for first time buyers

Aug 15, 2015 08:40 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

What makes the process easiest is a knowledgeable agent and a good mortgage expert

Aug 15, 2015 10:59 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That is a very nice graphic Nina. Hope you have a good rest of the weekend.

Aug 15, 2015 11:04 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

Your on the mortgage process . . . . is great information for a home buyer.

Good luck and success.

Lou Ludwig

Aug 15, 2015 11:50 AM
James Dray
Fathom Realty - Bentonville, AR

Good morning Nina.  Timeless information if only the buyers would pay attention 

Aug 15, 2015 08:15 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nina. Great job with your post, it is so important to understand the home purchase process and getting a mortgage. Your post is very well presented.

Aug 15, 2015 08:24 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Nina.  Great infographic on the mortgage process.  Thanks.

Aug 15, 2015 09:23 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Conrad Allen ~ good morning, Conrad. Thanks.... these kinds of documents always seem to help people understand a complicated process better.

Aug 15, 2015 10:33 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joe Petrowsky ~ good morning, Joe, and thanks for the compliment. Getting a mortgage is increasingly more complex and people who haven't done it find it an overwhelming process.

Aug 15, 2015 10:34 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

James Dray ~ good morning, James. This is the type of document I put into buyer packets and email to leads, hoping they might just pay some attention.

Aug 15, 2015 10:35 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lou Ludwig ~ good morning, Lou, and thanks for the nice words and stopping by! Have a great Sunday!

Aug 15, 2015 10:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debbie Reynolds ~ good morning, Debbie... thanks for stopping by and hope the rest of your weekend is super, as well.

Aug 15, 2015 10:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva ~ good morning, Ed... a good agent with good lender contacts who follow through is invaluable.

Aug 15, 2015 10:37 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto ~ good Sunday morning, George. The mortgage process seems so confusing, especially to first-time buyers, anything we can do to make the process understandable is a good thing.

Aug 15, 2015 10:38 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Mike Rock ~ good morning, Mike... there's a reason for that old expression that a picture is worth a thousand words.... because it is! Have a great Sunday!

Aug 15, 2015 10:39 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Good information for buyers old and new...we have had some second and third timers buyers that have asked for this kind of "refresher course."

Aug 15, 2015 11:24 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sally K. & David L. Hanson Hi Sally and David... no question, this is great for first time buyers, but it's also good for repeat buyers. Most people aren't in the mortgage market all that often so not only is it easy to forget, things in the process also change.

Aug 15, 2015 11:27 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Thanks for letting everyone know about their options because I'm sure they're up to the neck in ideas. So this is a huge help I'm sure!

Aug 16, 2015 04:44 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I'm sure I'll be buying a home soon as I have some good things happening to make this a little thing for me personally! Good luck to absolutely everyone else as well!

Aug 16, 2015 04:45 PM