From filling in the paperwork, to signing on the dotted line.
There are various steps that will have to happen before you will be approved for a mortgage loan for a home purchase:
- Choosing a potential lender
- A pre-approval process if you want to know how much money you will have to shop with
- Meeting and information download
- A Debt Service Ratios analysis
- A property analysis if you have identified the home of your dreams
- Completing the Application
- Negotiation and commitment
- Closing process liaison
- Mortgage administration