Steps of the mortgage process

Main steps of the mortgage process

• Each buyer is unique - and we'll help you find out just what you can afford
• To review the best personal loan program for the client
• To review the chosen loan program for the client
• List the documents that are needed for mortgage application.

Receipt of mortgage application

• Identification of client
• Credit check in database
• Reception of all the documents of mortgage application

Appraise order, credit check, control, authorization

• Completion of value appraisement
• Depends on credit requirement, contracting property penny bank or life insurance
• Sale contract check
• Employment letter check
• Credit check
• Decision-making
• Notice the client of decision-making

Conclusion of contract

• Preparation of notaries deed
• Notary-client fix an appointment
• Conclusion of contract
• Needed documents for Land Register
• Home insurance restriction
• Life insurance payment if needed
• Opening bank account

Disbursement

• Condition checking
• Clearance of disbursement , notice the client of disbursement