April 15th, 2015 6:14 PM by Korene L Clopine-Seaman
From pre-approval to closing, Korene Clopine-Seaman will help you along the road to homeownership. You can count on us for responsible, honest, and ethical service in every step of the process.
Loan pre-qualification and product selection. Pre-qualification allows you to know what loan product will be best for you best for your individual needs and wishes, search for a home that you can afford based on your credit, income, and assets. The best situation and for time savings measures to supply the supporting financial documents including pay stubs, tax returns, and account statements to your Loan Originator. The formal application is completed once you have found the home you wish to purchase and you have the purchase contract executed by all parties.
http://www.klcsloanteam.com/MortgageStep1
2. Home search. Once you are pre-approved, start shopping with your real estate agent! When you decide on the right home for you, the terms of sale are negotiated and your agent presents your offer to the seller.
3. Formal loan application. After the seller accepts your offer, formally apply for home mortgage.
http://www.klcsloanteam.com/MortgageStep2
4. Appraisal and home inspection. As your application is being processed, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. Properties are also inspected for water and termite damage and other safety hazards.
http://www.klcsloanteam.com/MortgageStep3
5. Processor’s and underwriter’s review. A loan processor reviews the entire loan file and sends all pertinent information to an underwriter who makes the final decision to approve the loan.
http://www.klcsloanteam.com/MortgageStep4
6. Final loan approval. If you have a good credit score and debt-to-income ratio, your loan will likely be approved. Keep in mind that there may be financial conditions or property conditions that need to be met before final loan approval.
http://www.klcsloanteam.com/MortgageStep5
7. Closing. Final loan and escrow documents are prepared and signed by you (the buyer) and the seller. http://www.klcsloanteam.com/MortgageStep6
8. Funding. A wire or check for the amount of the loan is sent to the title company.
9. Close of escrow. Documents that transfer titles are recorded with the county.
10. Confirmation of recording. The title company authorizes the escrow company (or closing agent) to draft a check to the seller.
Ultimately the final step . . . MOVE INTO YOUR NEW HOME http://www.klcsloanteam.com/MortgageStep7
Korene L. Clopine-SeamanBranch Manager / Senior Mortgage Banker NMLS# 218520 AZ # LO-0916745 CA # DBO-218520eMail: korene@klcsloanteam.com Mortgage Website: www.klcsloanteam.com
Text Korene to 87804 for my electronic business card.
Geneva Financial, LLC15396 North 83rd Ave, Bldg. F Suite 101Peoria, AZ 85381NMLS: 42056 AZ BK-0910215 Equal Opportunity Lender