The Ebb and Flow Real Estate Team
Michelle Mustain

 Funding Your Home Purchase

Why pre-qualify? Negotiation Power, staying within your budget and/or overcome objections.


1. Financial pre-qualification or pre-approval

  • Application and interview
  • Buyer provides pertinent documentation, including verification of employment
  • Credit report is requested
  • Appraisal scheduled for current home owned, if any


2. Underwriting

  • Loan package is submitted to underwriter for approval


3. Loan approval

  • Parties are notified of approval
  • Loan documents are completed and sent to title


4. Title company

  • Title exam, insurance and title survey conducted
  • Borrowers come in for final signatures


5. Funding

  • Lender reviews the loan package
  • Funds are transferred by wire