So you took the plunge and decided to be a homeowner, you have already started the process, and an about to go through the final loan approval process. Before you do, take a moment and read over all the conditions, make sure you are aware of what is being asked of you and your financial status. They may be hidden conditions that you are not aware of or don’t fully understand. Get caught up on what to look for and how to make the approval process less taxing.
Key Takeaways:
- Either way, in order to continue on the path to final loan approval, you’ll have to comply with all of the loan conditions.
- Typically before the lender releases funds to the escrow company, there are another set of documents the borrower has to provide the lender.
- Therefore, it’s important to make sure you save all of your new pay stubs and banking statements as you may be required to produce those documents.
“Typically before the lender releases funds to the escrow company, there are another set of documents the borrower has to provide the lender.”
Alliance Credit Counseling
8000 Corporate Center Dr Suite 114
Charlotte, NC 28226
(704-341-1010) / (704-341-1010)