There are 6 milestones each loan application must achieve in order to be successfully completed.
- Prequalification
- Application Disclosures
- Prepare for Underwriting Submission
- Underwriting
- Loan Doc Signing (aka Closing)
- Funding and Recording
Each milestone provides the opportunity to have mini-celebrations, or breathing sighs of relief, along the journey as they’re completed.
You can read the detailed processes of each milestone on my website. While each milestone is extremely important and cannot be skipped or waived, they each take a certain amount of time to complete. Understanding the process and time frame from the onset of the loan application helps set proper expectations from the very beginning.
As you hear of people talking about wanting to buy a home or thinking about refinancing, please forward this information to them, so they can be prepared and know what to expect when the time comes for them to apply for a home loan.
Homeownership + the Journey 