STEP 9
Loan processing and underwriting. Loan processors comb through your mortgage application and ensure they have everything needed for full mortgage approval. This is the phase of time when your house appraisal and title search etc. happen.
STEP 10
Closing on your new home! When the closing reports are complete, you’ll receive a closing disclosure to review and finalize your loan. This specifies the terms and costs for your loan with exact figures. Also be sure to perform a final walk-through and inspect the home to ensure everything is in good condition for move-in.