North Atlanta Home Mortgage Process

North Atlanta Home Mortgage Process

Written by Mary Ellen Vanaken Posted On Monday, 15 February 2016 12:03

North Atlanta Home Mortgage Process

You're ready to buy your dream home, your first home or that vacation home, and need assistance. To make that dream come true you may need a mortgage loan. A mortgage loan is used by home buyers to acquire funds to buy real estate.

The North Atlanta Home Mortgage Process in acquiring a loan includes the following

1. Financial pre-qualification or pre-approval - This helps you lock in a rate, know what your home payments will be, while being presented to the home seller in a positive light. Steps include

- application and interview
- buyer provides pertinent documentation, including verification of employment
- credit report is requested
- appraisal scheduled for current home owned, if any

Now your ready to begin your Home Search

2. Underwriting - Your loan package is submitted to the underwriter for approval. This occurs between days 21 or 30.

3. Loan Approval - Once approved you will receive a formal authorization to get the loan from the bank. All parties are notified of approval and the loan documents are completed and sent to the title company.

4. Title Company - A title company becomes involved by examining and insuring title claims for real estate, on behalf of its customers. A title exam, insurance, and title survey will be conducted. And you (the borrower) come into the loan company for final signatures (or at settlement).

5. Funding occurs when the lender reviews the loan package and funds are transferred

During the North Atlanta Home Mortgage Process, keep in mind "The 10 Commandments When Applying For A Mortgage"

1. Thou shalt not change jobs, become self employed, or quit your job.
2. Thou shalt not buy a car, truck or van (or you may be living in it!).
3. Thou shalt not use charge cards excessively or let your accounts fall behind.
4. Thou shalt not spend money you have set aside for closing.
5. Thou shalt not omit debits or liabilities from your loan applications.
6. Thou shalt not buy furniture.
7. Thou shalt not originate any inquiries into your credit.
8. Thou shalt not make large deposits without first checking with your loan officer.
9. Thou shalt not change bank accounts.
10. Thou shalt not co-sign a loan for anyone.

For more information on the North Atlanta Home Mortgage Process, contact The Mary Ellen Vanaken Team - Keller Williams Realty North Atlanta. 5780 Windward Parkway, Suite 100 Alpharetta GA 30005 www.northatlantaluxury.com 678.929.6529

North Atlanta Home Mortgage Process

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Mary Ellen Vanaken

Retaining the services of The Mary Ellen Vanaken Team of North Atlanta entitle you to a network of professional individuals that are committed to helping you. Whether your goal is to buy a dream home in North Atlanta, Invest in North Atlanta Real Estate, or SELL your property in North Atlanta. The Mary Ellen Vanaken Team is a team with one common purpose – to get to the closing table.

Here are the benefits to you when deciding to work with The Mary Ellen Vanaken Team.

Mary Ellen Vanaken, Team Owner, is a seasoned professional in both Real Estate and Business. Mary Ellen has an outgoing personality and is known to be aggressive in marketing real estate. With her background in accounting and finance, her goal is to help you find the best value your money can buy.

Administrative Staff – The Mary Ellen Vanaken Team does not allow its skilled sales staff to be busy with administrative tasks. We understand that an outstanding Real Estate Agent may not be an outstanding administrator, so we allow each to do what they do best. This benefits you by freeing up your agent to specialize in negotiations and your admin to dot the I’s and cross the T’s during the transaction.

Your Agent – The Mary Ellen Vanaken Team is comprised of niches (real estate areas) Training, certifications, conferences and on the job experience is required for our agents who specialize in these areas:

- Luxury Homes of North Atlanta

- Relocation

- Neighborhood Specialists In:

Alpharetta, Roswell, Milton, Cumming, Johns Creek and more

The Mary Ellen Vanaken Team believes that a home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk though the front door. And the way you can instantly envision your life unfolding there. This is about more than real estate. It is about your life and your dreams.

Mary Ellen Vanaken and her team utilizes the latest technologies, market research and business strategies to exceed your expectations. More importantly, we listen and that means we find solutions that are tailored to you. If you are looking for a real estate team who will work hard for you to sell your home or locate your new home, contact The Mary Ellen Vanaken Team.

www.northatlantaluxury.com

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