Steps to Homeownership - Made Easy

- Private group -
Wed, 08/27/2014 - 6:45am
mortgage camden rockland bank

Story Location:
45 Mechanic Street
Camden, ME 04843
United States

  1. Buyer obtains pre-approval/prequalification from Lender
  2. Buyer makes an offer on desired home with a Real Estate Agent's help
  3. Contract is accepted/home is now 'under contract' to be purchased
  4. Loan application is submitted to lender
  5. Lender orders title & property appraisal
  6. Loan materials are reviewed and processed
  7. Loan is submitted to underwriting for approval
  8. Closing agent/attorney coordinates signing, transfer of final materials
  9. Loan documents are signed
  10. The loan is funded and recorded
  11. Buyers get the keys to their new home
Purchasing a home can seem complex.  Obtaining a mortgage shouldn't be.