You鈥檙e getting close!
You鈥檝e found a home that you love, the seller鈥檚 accepted your offer, and you鈥檝e picked out the best mortgage loan for your budget and goals.
Now, it鈥檚 time to turn that pre-approval into a full approval and plow forward toward the closing table.
Your pre-approval covers most things, but your lender still needs to review your updated documents, as well as the property you鈥檙e buying.
And that鈥檚 where you come in鈥� You鈥檙e in control.
Once you鈥檙e well into the mortgage process, your lender will play a key role. They鈥檒l lock in your interest rate, order an appraisal of your home, and underwrite your loan.
But remember: You鈥檙e in the driver鈥檚 seat, and many of your lender鈥檚 tasks require your help.
Much like when you got pre-approved for your mortgage, your lender will need some documentation. Often, they鈥檒l want updated versions of documents you鈥檝e already provided (your latest pay stubs, for example). And, in some cases, there are new items you鈥檒l need to provide.
Either way, time is of the essence. If your lender requests documentation from you, send it over as quickly as possible. Any delay could push back your closing date.
In short, your lender can鈥檛 do their job until you do, so make sure to answer their calls, emails, or texts and be ready to act fast.
