NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576 | MI LICENSE: FR0023580 What happens after I have applied for my loan?
Hopefully, at the application session, you have been able to supply the sales representative with all the necessary documentation that he/she has requested from you. If so, the sales rep will order an appraisal of the property and submit the…
What does a home inspector do and how does a home inspection figure in the purchase of a home?
An inspector checks the safety of your potential new home. Home inspectors focus especially on the structure, construction and mechanical systems of the house and will make you aware of repairs needed. Generally, an inspector checks and gives prices for…
What will happen at closing?
Basically, you’ll sit at the closing table with your realtor, the seller and his/her realtor and a closing attorney. The attorney will have several documents for you and the seller to sign. While he/she will give you a basic explanation…
Is it reliable to get pre-approved by an online lender?
Often home buyers are misled by being “pre-qualified” by an online lender for a loan size they are not actually qualified for. Not all pre-approvals are considered equal. Some pre-approvals or pre-qualifications are simply a quick review of your salary…
How long does the mortgage process take to purchase a home?
The best way to expedite the home buying process is to be organized and prepared. Talk in advance to your mortgage loan originator about what documents you will need to provide. Getting pre-approved will not only alleviate the stress of…