Basic Steps to Mortgage Approval

Basic Steps to Mortgage Approval
Pre-Approval: Get pre-approved by a lender to determine how much you can borrow. This involves a preliminary review of your financial status.
House Hunting: Start searching for your perfect home within your budget.
Loan Application: Submit a formal mortgage application with all necessary documents.
Processing: The lender processes your application, verifying the details provided.
Underwriting: An underwriter reviews your financials and assesses the risk of lending to you.
Approval: If everything checks out, you receive approval for the loan.
Closing: Sign the final paperwork and secure your new home.