How does the loan process work?

There are many moving pieces when purchasing a home- whether it’s getting pre-approved, finding the right house, inspections, appraisal, etc. One piece you might be wondering about is, how does the loan process work?

Tom Hallock with Bank of Texas Mortgage takes a few minutes to explain the loan process, including the time involved. Believe it or not, once you find a home, you could be closed and moving in within 30-45 days.

Let’s see what Tom has to say. This is a great 2 minute video…definitely worth the watch.

Keep in mind that to be pre-approved, you’ll need to supply this information to your lender (this is not an all-inclusive list):

• Tax returns for past 2 years
• Current bank statements
• Current pay stubs (or other forms income)
• W2s
• Unemployment info (if necessary)
• Divorce decrees (if necessary)
• Credit history
• Photo ID

If you have any questions, feel free to reach out to Tom. His info is listed below:

And as always, if you have any questions about purchasing a home, selling a home, or even investing in real estate, call The John Duke Team. We love to help!