Your Mortgage:
What to Expect During the Mortgage Process

The Initial Document Review


Learn about the first steps of your mortgage including what documents you'll need to provide and how to make the home loan process smooth.


The Property Appraisal


A home appraisal is an unbiased report on the worth of a house in the fair market, performed by a trained and licensed individual. Appraisals are needed to ensure the homebuyer, the home seller and the mortgage lender receive the accurate and true value of the real estate in question.


The Underwriting Process
 




In the mortgage underwriting process, an underwriter will make sure your financial profile matches your lender's guidelines and loan criteria. Then, your underwriter will make the final decision — to approve or deny your loan request.


Clear to Close

 

The clear to close letter is essentially the letter of final approval. It means that any conditions that had to be met for the loan to move forward have been met, whether those conditions are from the buyer's side or the lender's side. This letter clears the way for the closing process to begin.