Download presentation
Presentation is loading. Please wait.
Published byTiffany Man Modified over 10 years ago
1
The Mortgage Process By: Bruce Henderson
2
Step 1 Compare renting v buying Communicate requirements necessary by lenders Determine what type of home you are looking to purchase (condo,townhouse, single family) Give general timeline
3
Step 2 Access Credit Reports (tri merge) Collect $15 for credit report Explain credit report in detail Determine where improvements can be made. Provide tips for improving credit scores.
4
Step 3 Compare lender’s requirements with current credit score Advise of the purchase price they can qualify for Give Good Faith Estimate Highlight the purchase price and monthly payments (PITI)
5
Step 4 Gather all supporting documents Bank statements Payroll history Order verification of rent Order verification of employment Etc.
6
Step 5 Connect pre-qualified client with realtor Review executed contract with borrower Provide new good faith estimate Highlight closing costs and mortgage payment (PITI)
7
Step 6 Order Appraisal of property Collect $300 appraisal fee. Review appraisal results with borrower to determine how to proceed.
8
Step 7 Submit complete file to lender Go over all conditions with borrower Satisfy list of conditions
9
Step 8 Set a closing date
10
Step 9 Go over list of important dates after closing Homestead exemption filing Taxes Mortgage payment date etc
11
Contact Information Mortgage Works Unlimited 2240 Palm Beach Lakes Blvd Suite 400A West Palm Beach, FL 33409 Phone numbers: Cell (561)543-3204 Office (561)471-3031 Fax (561)471-3479 Email: B.Henderson@e-mortgageworks.com brucehenderson300@gmail.com
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.