Your Realtor® and You
- Orchestrates the entire process to meet deadlines
- Updates you on everything going on
- Orders your survey and much, much more
- Your “Go To” person for your home buying
What is Everyone Else Doing?
Your Lender
- submits your complete loan application with documents to the underwriter,
- orders/reviews the appraisal,
- requests title insurance,
- meets conditions of loan approval
- does compliance checks,
- And prepares the loan documents for closing which includes a promissory note and your mortgage.
Your Title Agent
- orders a lien search and other documents to research the property you are purchasing,
- underwrites the title insurance (one policy protects the buyer and the other protects your lender),
- gathers closing documents,
- coordinates closing day/time/location with all parties
- and hires a notary for your closing.
Tips for a Smooth Loan Approval
Don’t Do This for a Smooth Loan Approval
Don’t make a major purchase
Don’t apply for a new credit card
Do This for a Smooth Loan Approval
Do continue to make your mortgage or rent payment
Do stay current on all your existing accounts