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The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
Northpointe Bank
Alex Seidner
About Me
Alex Seidner at Northpointe Bank strives to bring value to customers by offering client focused financial products and services. Northpointe Bank does this by empowering our employees to exceed our customer expectations, delivering convenient innovative technology, and supporting our employees and the communities we serve.
GET STARTED
MLB Residential Lending, LLC
Claudia Nogan
About Me
Claudia Nogan has been in the mortgage industry for almost 20 years, and has built a team of loan officers and pre-approval specialists to better serve her clients and partners. She and her team are dedicated to helping their clients navigate the mortgage process and find the right loan for their needs.
Throughout her career, Claudia has gained a wealth of knowledge and experience in the industry, and has helped countless clients achieve their dream of homeownership. She takes pride in her ability to understand the unique needs of each of her clients, she and her team works tirelessly to find the best loan options for them.
In addition to their expertise in the mortgage industry, Claudia and her team are also known for their strong work ethic and commitment to customer service. Claudia and her team are always available to their clients, and are dedicated to providing them with the best possible service.
Whether you're a first-time homebuyer or a seasoned homeowner, Claudia and her team can help you find the perfect loan to meet your needs. With their extensive experience and commitment to their clients, she and her team are the ideal choice for anyone looking for a reliable and trustworthy loan officer.
GET STARTEDApplication & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
