If your payments are above that amount, the loan will be more costly. If all the above analysis indicates we can proceed, then we start the real work. It will come from savings, or we can pay it and it will be added to closing costs. Title Report - The seller will open escrow at a title company who will supply us with a title report. Process Put documents together and send loan package to the underwriter.
Underwriter approves - with conditions.
Meet conditions and draw loan documents. Fund loan and record with county. Cost Paterson can pay all charges and add them to the settlement costs . But, sometimes it is cheaper for you if you pay them out of pocket . If you would like to proceed, you can fill out or on-line Application which will speed up the process.