approval. They will ask for proof of income, and tax returns, among other documents to complete the approval process. It is important that you respond quickly with these items to ensure your property closes on time. 4. Home Appraisal: During the mortgage process, your mortgage broker will order a home appraisal. The appraisal is essentially the bank's opinion of the home's value. They will select a random third party to complete this appraisal and the results will typically be available within 5-10 business days. 3. Title Report: Your mortgage broker will request a title report and your attorney will order that through a title company. Title refers to legal rights of ownership and whoever has this controls the property. The report contains important information including the legal description of the property, possible defects, liens, restrictions, and other unexpected problems. 2. Survey: A survey is a map of real property that shows where the property is located on the earth, the boundary lines of the property, the improvements on the land, and access to the property. It shows undisclosed rights and easements, encroachments, boundary lines, and if the home is built on the wrong lot. 1. Closing Table: Yay! Once we receive the clear to close for your home, your lender will provide you with the closing documents with the amount of money you will need to bring to the closing. We have negotiated past the inspection, have signed contracts, our appraisal has been completed, you have your mortgage commitment, the title report came in and the survey is up to date. We do a final “walk-through” prior to the closing, usually
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