It is necessary to have a pre-qualification letter from Gold Standard Mortgage to validate that you can qualify for a home loan.
With your home approval in hand, you can start your home search with your desired real estate agent.
Processing ensures all of the required documentation for your mortgage are in order to process your loan.
Underwriting will evaluate credit and assess the risk of the borrower to make sure they they will not default on the loan.
Once all the required documentation has been reviewed and approved by underwriting, your file is "Clear to Close."
Congratulations! The mortgage has closed and you a clear to move in to your new home.