What is the Financing Process Like?

Here is an easy way to understand the financial steps you'll need to take to guide you towards your new home.
  • Calculate your budget
  • Apply for a mortgage
  • Lender begins processing the application
  • Lender provides booklet of estimated closing and related costs
  • Lender requests an appraisal of home, a credit report and verification of employment and assets
  • Estimate of your loan costs in form of initial Truth in Lending Disclosure Statement
  • Lender evaluates the application and approves the loan
  • Search begins – Sales Associate shows you multiple listings
  • You find the house you want
  • You make an offer
  • Lender disburses funds to closing agent
  • Sign closing documents and loan is funded
  • Appropriate documents recorded at county recorder’s office
  • The home is sold and it is yours
Each step is important and will help you become a stronger buyer. For more information on the financing process call Brett Baker at 573-761-3330 today.
 
Posted by Brett Baker, E-Pro, GRI on 04/22/2008 12:03 AM   Comments (1)   , ,  

1 Comments on What is the Financing Process Like?

Great step by step on the financing process- sheez, wish all my borrowers/files went from start to the finish that way (these days)...

Brett - I also want to say thanks for posting or commenting about the www.nvu.com for posting blogs, etc. - very cool!  Thanks again.

04/22/2008 11:58 AM by Nathan Scott (TBD)

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Real Estate Agent: Brett Baker, E-Pro, GRI (Coldwell Banker, Gordon Co. Realtors)
Brett Baker, E-Pro, GRI
Jefferson City, MO
More about me…
Coldwell Banker, Gordon Co. Realtors

Office Phone: (573) 761-3330
Email Me
This blog is dedicated to the Jefferson City, MO community. You can expect to find links to more in-depth information, hot new listings, upcoming events, and Jefferson City news. Check back often!


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