Meet With Loan Officer |
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Analyze your financial position by providing at application your
income and bank account statement and assess credit situation |
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Loan Officer will give you a pre-approval letter to let you know what you can afford monthly and let your Realtor know what price range of homes to show you |
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Realtor to show you houses and write up a contract for you when you have found the perfect home! |
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Once the purchase agreement is accepted you will give an earnest money deposit to secure your interest in the home and perform any inspections (home, lead based paint, well/septic, termite) |
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Contingencies are removed |
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Mortgage Lender |
Title Company |
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Orders Appraisal, Survey, Flood Cert |
Prepares Title Work, Orders Mortgage Payoff, and calculates tax prorations |
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You shop for Homeowners Insurance and once
received, provide the agent information to
Michigan United Mortgage, L.L.C. |
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Michigan United Mortgage, L.L.C. will receive a “Clear to Close” status from the Underwriter, meaning that all conditions were met and we are ready to close your loan. |
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A closing date is set and a closing package is prepared. A HUD settlement statement will be available before closing for you to review with your Loan Officer and verify that all terms of the mortgage are correct |
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You will go to the bank and get a cashiers check made out to yourself in the amount of funds needed to close |
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Go to the closing, sign paperwork, get handed the keys to your new home and………….move in!!
Congratulations!!!!!! |
