5 Things First Time Home Buyers Should Know About Clear to Close
Purchasing a home involves lots of steps, that can include between 9-11 different professionals. A whole lot of work is required to get your loan to clear to close. Here are 5 things you should know about the clear to close process, as you make your way to the closing table.
Clear to close is the point in your mortgage process when your loan receive final approved. All requirements and conditions have been met.
Your loan cannot close unless it received clear to close.
Conditional approval means more documents maybe requested by the underwriter.
The loan officer you work with in the beginning, is not the person with the final say if your mortgage loan is approved or denied.
The underwriter is the person that makes the final decision.
Your mortgage application and all the supporting documents that you provided to the loan officer and processor, is always turned over to the underwriter for detail review and final decision. We hope you enjoyed your visit with us today. As always, thank you so much for stopping by. Until next time…Diana.
