An Analysis of Processes and Procedures for Obtaining a Home
Introduction:
Regardless of what you want accomplished, an adequate comprehension of the acceptable mode of expression and your ability to use such expression will always help remove obstacles to reaching your desired goals.
This simplified explanation of mortgage terms and an introduction to some of the back office or internal processes of home lending is an attempt to remove your intimidation for dealing with the home ownership process, its tedious applications forms, the repeated calls to your loan officer, the anticipated loan approval and the many disappointments at the receipt of the lenders disapproval notice from the loan officer. As is the case with many seemingly impossible tasks, a little extra effort can yield surprising advantage.
Please keep in mind that this is not a comprehensive mortgage terms dictionary, but I think you will find that even most novices to finance and banking procedures will seamlessly obtain a dwelling home, by using this guide book.
Summary:
Simplified Home Buying Guide from Preparation for a Home Loan to adequate property search and location, to Loan application, approval and closing.