The Processing:
To begin with, all information required to process your loan will be collected by your mortgage consultant;
the necessary documentation will depend on your selected loan program as well as your individual financial and
credit profile.
The Decision:
You'll be relieved to know that today's approval process is much easier and much faster because of automated
underwriting which simplifies document requirements to result in speedier approvals. Naturally, your income,
credit background and financial history are extremely important; but remember that trained underwriters are
also on the job to find a loan that is just right for you.
The Pre-Closing:
Prior to closing, your home mortgage consultant will advise you on the necessity of providing certain insurance
and real estate-related documents. Additionally, the consultant will explain the closing procedure and alert
you to any required fees which usually vary depending on where a home is purchased. Finally, you'll learn the
precise amount of money needed for closing and if you need to bring any additional documents.
The Closing:
Simply put, the closing is a legal procedure where ownership of the property is transferred from the seller
(home builder) to you (home buyer). On this scheduled date, you now take ownership. Typically, proceedings
are conducted by a title agency representative, depending on area requirements. The closing is also a final
distribution of funds and paperwork as agreed upon by buyer and seller.
DeLuca Homes wants your home buying experience to be one of the richest of a lifetime. That's why there will
always be a helping hand to advise and guide you right up to the moment you step through the doors of your home.
All First Mortgage products are offered and provided by DH Financial, LLC. DH Financial, LLC may
not be available in your area. ©2008 DH Financial, LLC. All Rights Reserved.
Wells Fargo Home Mortgage is a Division of Wells Fargo Bank, N.A
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