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The
actual steps of the mortgage loan process will vary based on the
type of home being purchased and type of mortgage loan selected
as the best alternative to you. The following steps are used to
give you an illustration of the entire process, after pre-approval
and shopping for your new home, to the final move-in day.
- Gather the
necessary application documentation
and complete your mortgage loan application with your DKMC Mortgage
Planner. Your DKMC Mortgage Planner will work with you to identify
and structure the right mortgage loan program to suit your individual
needs and desires. Or, apply on-line
to begin today.
- Your mortgage
loan file is opened. The Loan Analyst will gather and organize
the information that your DKMC gathered from you at the time of
your mortgage loan application. The Loan Analyst will verify your
employment record, order a credit report, verify any assets you
report on your application, order and appraisal, and in general,
obtain whatever information is required in order for us to make
an informed decision about granting the mortgage loan.
- Your mortgage
loan file is assembled and submitted to underwriting.
- Your loan
is approved (conditionally or full-blown).
- Your closing
takes place at a predetermined time and you move in.
Contact
a DKMC Mortgage Planner to learn more about the intricacies of the
loan process and find out how you can begin.
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