Summary of the Mortgage Loan Process

The process of purchasing a home can be broken down into four broad categories.

• The first step in purchasing a home should be the selection of a reputable financial institution to assist you in determining how much home you can afford to purchase.
• Searching and selecting a home that meets your needs is the second step in the process.
• The third step is to negotiate the terms of the sale and sign the purchase agreement.
• The final step is the completion of all loan and closing documents.