|
|
|
Pre-Approval
Once Sue Baxter has recieved your application, it will be immediately processed and submitted to the underwritting system for a preliminary decision. If you have already pre-qualified, pre-approval of your loan application should occur within 24-48 hours hours.
Pre-approval means that your income and credit meet the guidelines and criteria for the loan you have selected. Pre-approval is provided in writting and may contain necessary conditions needed to obtain final approval. Conditions or Stipulations are circumstances or tasks that must be completed before you loan can be funded.
You should examine your letter of Pre-Approval and discuss with your mortgage consultatnt at Sue Baxter the conditions and/or any other questions you may have about the pre-approval process.
If you have any questions related to Step #5 or any other aspect of the loan process, please contact us. Our loan consultants are here to answer your questions, whether they be general, specific, or because your confused. Because at Sue Baxter that's what we do best: we add a personal touch to the impersonal electronic age.
Continue on to Step #6
|
|
|
|
