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The Process Timeline

Process Timeline

Start the Process

Critical 1st step in knowing your buying power & a valuable tool in helping your offer to be accepted by sellers.

Process Timeline

Hire an Agent

Working with a trusted Real Estate Team will save you time, money & stress while you find the right property.

Process Timeline

Home Search

Make a list of your must-haves. Select homes that meet your property & budget criteria.

Process Timeline

Make Offer/Sign Contract

Once your offer is accepted you and the seller will sign a contract.

Process Timeline

Property & Documentation

The home is inspected & appraised to support value. Your documents are verified.

Process Timeline

Closing & Your Keys!

Upon final loan approval, title company schedules your signing appointment to close and your keys are delivered!

 

 

Commonly Requested Documentation

30 days of paystubs or social security or pension award letter

Two months of bank statements (all accounts, all pages)

Two years of W2's or two years of complete tax returns if self employed

Divorce decrees or bankruptcy papers if applicable

DD-214 (discharge papers) if applicable

Additional information required for a refinance

Mortgage coupon

Hud statement

 

 

Do's & Dont's



Inform us of any changes in your employment, income and assets.

Continue living at your current residence.

Continue making your mortgage or rent payment.

Stay current on all existing accounts. Advise us in advance of any upcoming vacations for business trips.



Do NOT make major purchases.

Do NOT apply for new credit card or loans.

Do NOT pay off any charges on accounts, collections, loans, credit cards or consolidate your debt.

Do NOT close, max out, or overcharge on your credit accounts.

Do NOT change bank account or transfer balances from one account to another.

Do NOT change your source of closing funds.

Do NOT deposit cash into your bank account.

Yankov Mortgage Team

Treating clients like family!

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