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November 21 , 2010

The House Loan Process in Ten Easy Steps


This Element is an excerpt from Homebuyers Beware: Who’s Ripping You Off Now? – What You Must Know About the New Rules of Mortgage and Credit (ISBN: 9780137020164) by Carolyn Warren. Available in print and digital formats.


The simplest, clearest, quickest, step-by-step guide to today’s home loan processes!


I’ve seen loan process flowcharts so elaborate, I wonder if the author’s purpose was to try to impress me with the complexity and enormity of their job. By contrast, here is a simple checklist that leads you through the steps, from start to finish. Step #1: Get a Good Faith Estimate and choose your loan officer....

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