How to Get a Mortgage

Once the homeowners have agreed to your terms, it is time to start the closing process. This is when you will finally get your mortgage loan and can then begin moving into and living in your new house.

Before the mortgage is yours and you can close on your home, your details have to be verified one more time. You cannot blame the mortgage lender from wanting to make sure that everything submitted before is legitimate and nothing has changed. That is why an underwriter is going to take one more final close look at your assets and finances. You may be asked to provide more documentation and paperwork. This will all result in something called a Closing Disclosure. This tells you all you need to know about your loan, including how much you will pay every month, any down payment that is requested, and any closing costs.

Then your loan will be approved and you will be required to attend a closing meeting, where you can ask any last-minute questions. At the end of the meeting, you will sign your mortgage loan and then you will officially be a homeowner. Now it’s just time to buy the furniture and start making memories.

As you can tell, applying for and receiving a mortgage loan is very important, a vital part of finding the house you’ve always dreamed of. However, there are certain companies that can make it all so much easier. Why not use a loan provider that is professional, friendly, personable, and knowledgable? That is exactly what you get with CityWorth Loans. They know how to help customers find their dream homes and have been doing so for years. With something as important as buying a home, you should only count on the very best. Contact CityWorth today for all of your loan questions and needs!