502-429-3866

What Is My Home Worth?

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

Friday, February 08, 2019

10816 Sun Ridge Rd, Goshen, KY 40026

Motivated Seller! Welcome to 10816 Sun Ridge Rd! This 4 bedroom, 3.5 bath home in Old Taylor Place is stunning and very unique! It portrays a luxury farmhouse feel with it's oak wood beams throughout and the open floor plan. The house welcomes you ...  Read More

Friday, February 08, 2019

Hiring a Real Estate Agent

Tips on Hiring a Real Estate Agent Before hiring a real estate agent, interview 3 agents. That’s right 3! Many people are of the opinion that all real estate agents are created equal. Nothing can be further from the truth. Just to name one ...  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!