THE FINANCING PROCESS



1. Complete the loan application.
   
   
2. The lender begins processing the application.
   
   
3. The lending institution requests an appraisal of the home, a credit report and verification of employment and assets.
   
   
4. The lender may provide a booklet containing specific mortgage information.
   
   
5. The lender evaluates the application, along with supporting documentation, and approves the mortgage. For high ratio mortgages, applications are forwarded to private insurer for their approval.
   
   
6. Signed closing documents and instructions are sent to your lawyer.
   
   
7. The lender disburses the funds to the lawyer. Seller is paid and title to the home is yours.

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