05-1m After Official Mortgage Approval Your File Goes to Underwriting. How a mortgage underwriter will review your income on your taxes when applying for a home loan
05-1m After Official Mortgage Approval Your File Goes to Underwriting video duration 2 Minute(s) 4 Second(s), published by InsideAmeriFirst on 30 07 2013 - 17:58:28.
So.what happens once you're approved for your mortgage loan? First, we tell you how happy we are that this is all going forward, and you're about to buy your Mortgage Underwriter 101 Loan Cycle with Colleen M
Olivas Here Colleen M
Olivas discusses the Stages in Obtaining a First Mortgage
She begins by .
Video Topics: Detail explanation of the process time for an underwriter to approve a mortgage loan and what documentations are needed to be submitted by the . Always consult with your CPA or Tax preparer/advisor on how to properly file your state and federal tax returns
Income answers you need to know when .
So.what happens once you're approved for your mortgage loan? First, we tell you how happy we are that this is all going forward, and you're about to buy your house. We then share information to ease your mind a bit, as we know this is a huge commitment and a daunting process.
We want you to understand that occasionally issues may arise that we need to deal with so that we can get your loan closed according to the lending guidelines. This means you might hear from your mortgage consultant or their team from time to time, asking for clarification or another document or signature. Our teams work very hard to eliminate any issues up front, but if something DOES come up, know that we're here to work with you. It's normal to hear from us occasionally, so don't worry.
Since we have strict guidelines to follow to ensure we're writing good mortgage loans, we sometimes ask for more documents. Again, it's all part of the process. Make sure you're responding to us in a timely manner so we can get your mortgage loan closed, and you can move into your new home that much quicker.
Now, let's talk about the cash you might need at the closing table. Get ready now by saving up money and putting it in your bank account. We will send you an estimate of the money needed for closing, plus we will call you a couple days before closing with the exact amount needed at the closing table. You'll need this amount issued in the form of a cashier's check.
Getting a mortgage is a bit like taking a plane ride across the country. Upon take off, you hope for the best, but you're never sure exactly how it's going to go on your flight, and neither does the pilot. You may end up hitting some turbulence, and it's scary at the time, but you're going to land safely. The pilot works hard to make your flight as smooth as possible, but sometimes you just hit a snag or two. As your lender, our mortgage consultants work very hard to make the home buying process as smooth as possible. If we do experience some turbulence, know that we will work hard to smooth everything out, so we can say to you as we land at the closing table . Welcome Home.
Other Video about 05-1m After Official Mortgage Approval Your File Goes to Underwriting:
The role of a mortgage underwriter in the home buying process
How a mortgage underwriter will review your income on your taxes when applying for a home loan
Always consult with your CPA or Tax preparer/advisor on how to properly file your state and federal tax returnsIncome answers you need to know when .
Mortgage Underwriter 101 Loan Cycle with Colleen M. Olivas
Mortgage Underwriter 101 Loan Cycle with Colleen MOlivas Here Colleen M
Olivas discusses the Stages in Obtaining a First Mortgage
She begins by .
0 Comment