The Loan Process
Ever wonder what's involved in getting a loan when you're buying property?
This episode breaks it down and walks you through the process of getting your loan and explaining what's involved, starting with:
Taking the phone application
Sending out the electronic package
Going over the CD
Electronically signing package
Uploading your supporting documents
Processing
Review file
Email out any outstanding conditions
Submit loan
Order appraisal and title
Shop insurance
Out of underwriting - any outstanding conditions
Get mortgagee clause
Clear loan
Send to title
Don't stress about the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.