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Buying a Home - What happens after you've applied for a mortgage loan?

It usually takes a mortgage lender between 1-6 weeks to complete the evaluation of your mortgage loan application. Its not unusual for the mortgage lender to ask for more information once the application has been submitted. The sooner you can provide the information, the faster your loan application will be processed. 

Once all the information has been verified, the mortgage lender will call you to let you know the outcome of your loan application. If your mortgage loan is approved, a closing date is set up and the mortgage lender will review the closing with you. And after loan closing, you'll be able to move into your new home.

>> Now that your mortgage loan has been approved, what does a home inspector do, and how does a home inspection figure in when buying a home?

 

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