An appraiser documents the value of the home you wish to purchase or refinance, and we request a credit report from a credit reporting agency to verify your credit worthiness and other important information. During busy times of the year, such as spring and summer, appraisals may take several weeks to complete. Once we have reviewed all the information, we determine if we can grant you the loan as requested. Additional information may be required for final approval. We know you're anxiously awaiting the news, so we notify you that your loan has been approved as soon as possible.
All parties involved agree on a date, time and location for the closing.
Many people arrange to have their attorney on hand to address any last-minute issues that may come up. Closing You need to bring a check for the proper amount, plus your homeowner's insurance binder or policy and paid receipt to the closing. At the closing, you sign a series of documents and receive copies of each form.