502-429-3866

What Is My Home Worth?

Our FREE service provides you with your home's current market value and suggested selling price.

Tuesday, June 20, 2017

6912 Williamsgate Blvd, Crestwood, KY 40014

Welcome to 6912 Williamsgate Blvd, a stunning, 2.5-year-old home in the Williamsgate neighborhood. This 1.5 story home in Crestwood is an original Ball Homes product is a modified “Jackson” plan with plenty of upgrades. In ...  Read More

Tuesday, May 30, 2017

10904 Rock Ridge Pl, Louisville, KY 40241

Welcome to 10904 Rock Ridge Place in the prestigious Rock Springs neighborhood. This new home (built in October 2015) would fit many people's description of a dream home. Every upgrade you could ever dream of can be found in the home, starting with ...  Read More


THE MORTGAGE LOAN PROCESS

PRE-APPROVAL/ INTERVIEW

  • Application interview
  • Lender obtains all pertinent documentation

LENDER PRODUCES PRE-APPROVAL LETTER

WAIT FOR BUYER’S ACCEPTED CONTRACT 

ORDER DOCUMENTS

  • Verifications of employment, bank records, proof of funds in accounts, etc.

ORDER INDEPENDENT APPRAISAL OF PROPERTY (THIS PROTECTS LENDER AND BUYER)

  • If at or above purchase price - proceed
  • If below purchase price: 1) seller reduces price, 2) buyer brings more cash, or 3) the deal is cancelled

LOAN SUBMISSION

  • The loan package is assembled and submitted to the underwriter for approval.

DOCUMENTATION

  • Supporting documents come in.
  • Lender checks on any problems.
  • Request for any additional items are made.

DOCUMENTS ARE DRAWN

  • Loan documents are completed & sent to title company.

FUNDING

  • Lender reviews the loan package. 
  • Funds are transferred to title company for transfer to seller at closing.

Important Note: Don't finance any major purchases that might affect your creditworthiness between pre-approval and the closing of your home! Also, don't move substantial money among accounts without consulting lender. This can delay closing!