This is an easy way to understand the financial steps you will need to take to guide you towards your new home.
- Calculate your budget
- Apply for a mortgage/paperwork/loan application
- Lender begins processing the application
- Lender provides booklet of estimated closing and related costs
- Lending institution requests an appraisal of home, a credit report and verification of employment and assets
- Estimate of loan costs in the form of initial Truth in Lending Disclosure Statement
- Lender evaluates the application and approves the loan
- Search begins- A Classic Homes Realty Sales Associate shows you homes that meet your criteria
- 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 are recorded at the county level
- Now it is your home