Seven Step Mortgage Process

Jul 25, 2005, 5:52 pm. SocialTwist Tell-a-Friend


At Mortgage Match, we field so many questions about the many intricacies of the mortgage process everyday, that we decided to offer a free MortgagePrimer to prospective borrowers. The primer provides valuable information for obtaining a mortgage loan, and should be helpful to anyone… regardless of their borrowing experience or savvy.

The entire primer can be emailed for future and easy reference. And, will be useful no matter where you live, or where you’re buying or refinancing.

This information is usually only provided to borrowers who have started the preapproval process. So, at times, it’s written assuming you have started preapproval, but it’s very helpful, even if you haven’t yet arrived at the point where you are seeking preapproval.

The first installment is titled, “Ensuring a smooth loan transaction”. It provides a few tips, plus some do’s and don’ts about the mortgage process… all of which, may help you prevent the loss of your loan after you’ve been preapproved.

Next, we’ve loosely broken the mortgage process down, from start-to-finish, into seven steps. They are:

- Step 1, The Simple Exchange of Information.
- Step 2, Getting PreApproved.
- Step 3, After PreApproval.
- Step 4, The Appraisal.
- Step 5, Satisfying Conditions.
- Step 6, Underwriting Your Loan.
- Step 7, Closing and Funding Your Loan.

Prospective borrowers can be hesitant to start the mortgage process for all sorts of reasons. Sometimes, it’s simply “fear of the unknown”… for others, it might be a reluctance to start something they’re not sure they’ll be able to finish. Whatever the reason, Mortgage Match’s Mortgage Primer will provide tips and insights, designed to enlighten and inform anyone who’s about to start one of life’s most important financial journeys. Or, anyone who’d just like more information about getting started in buying or refinancing their homes, and what they can expect along the way. It can make everything a lot easier.

To receive the primer, all you need to do is send an email with “Send Info” in the subject line to: info@imortgagematch.com. Now, Mortgage Match is a spam-free zone. So, your email address will remain completely private, and it will never be sold or shared with third parties or affiliates. You’ll receive only the information you requested, and nothing more.



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