This Element is an excerpt from Homebuyers Beware: Whoas Ripping You Off Now?--What You Must Know About the New Rules of Mortgage and Credit (ISBN: 9780137020164) by Carolyn Warren. Available in print and digital formats. The simplest, clearest, quickest, step-by-step guide to todayas home loan processes! Iave seen loan process flowcharts so elaborate, I wonder if the authoras purpose was to try to impress me with the complexity and enormity of their job. By contrast, here is a simple checklist that leads you through the steps, from start to finish. Step #1: Get a Good Faith Estimate and choose your loan officer....At this point, most lenders will need you to pay for the appraisal report. If your loan amount is above the conforming loan limit or a Jumbo Loan, two appraisals might be required. Typically, lenders will ask for credit card authorization so they anbsp;...
|Title||:||The House Loan Process in Ten Easy Steps|
|Publisher||:||Pearson Education - 2009-11-16|