| |
|
| |
|
| Step
3: Obtain Loan Approval |
|
| |
|
| Once
the loan is received (documents and application), |
|
| the
process is quickly set in motion: |
| |
| We
verify: |
| |
|
| 1. |
Credit
History; |
| - |
|
| 2. |
Employment
History; |
| |
|
| 3. |
Assets,
including bank accounts, investment and
retirement accounts; |
| |
|
4. |
Property
value (through an appraisal). |
| |
|
| *Additional
documents may be necessary, based upon
your specific situation. If we ask for
additional documents, it is critical that
you respond quickly. This is very important
in purchases where there is a specified
closing date and in refinances where there
is a lock expiration date with your interest
rate. |
| |
|
|
| |
| Things
to remember: |
| |
|
| 1. |
Do
not make any major purchases during
the loan process. This includes, but
is not limited to, a car, furniture,
a boat, another house, or any other
item that will cause your debts to increase.
This may have an adverse effect on your
current application. |
| - |
|
| 2. |
Do
not move money into your existing bank
accounts, unless it can be traced. If
you are receiving money from friends,
family or other relatives, please contact
us. |
| - |
|
| 3. |
Do
not plan to go out of town around the
closing date. If you do plan to be out
of town when your loan is expected to
close, you may sign a power of attorney
to authorize another individual to sign
on your behalf for this transaction. |
| |
| |
|
|
| |
|
|
|
|
|
 |
