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Mortgage 101

The Home Loan Process

By June 15, 2018 October 15th, 2020 No Comments

Who’s Who

Are you new to the Home Loan process? We’ve put together a summary of the professionals involved so you will have a better idea of who will be assisting you along the way.

 

Licensed Mortgage Professional

Provides expert analysis of mortgage products after reviewing your financial needs and ability to repay the home loan

 

 

Realtor

Helps you search for the perfect home and negotiates the terms of purchase on your behalf

 

 

Home Inspector

Examines the conditions of the home prior to purchasing so you know what you are buying

 

 

Appraiser

Assesses the market value of the home based on similar property sales in the area

 

 

Title Officer

Assists in preparing final paperwork to transfer ownership of the property to the buyer

 

 

Escrow Agent

Oversees the transfer of funds from buyer to seller

 

 

Insurance Agent

Provides monetary protection by issuing home insurance

 

 

Loan Servicer:

Handles the management of your mortgage loan after the home purchase is complete

 

 

If you would like to learn more about the Home Loan process how to get started, please contact one of our Licensed Mortgage Professionals at a branch near you.