Step 6-Closing

Loan is closed at the meeting of the Borrower, their Loan Officer and/or attorney, and the seller. Now it is time to enjoy their new house!

Step 1-Application

Borrower meets with a Loan Officer who reviews their financial situation and helps them to choose the best loan for their needs

Step 5-Pre-closing

Upon approval; Title insurance is ordered, approval contingencies met, and closing is scheduled

Step 2 -File Opened

Lender orders a property appraisal and credit report, used to determine the debt-to-income ratio. Borrower will receive a good faith estimate of closing costs and estimated monthly payments

Step 4-Underwriting

Applications are sent to Lenders to determine approval. Global's agreements with their underwriters insures quick approvals

Step 3-Processing

Processor reviews the credit report and verifies borrower's debt and payment history