Finding the Best Rate – tools to help you make a decision
Understanding What Affects Your Interest Rate – points to ponder about credit, property and more
The Difference Between Pre-Qualification and Pre-Approval – and the steps to get you there
Path to Homeownership - A tool designed to educate and assist customers desiring to purchase a home.
Path to Homeownership - en Espanol
Below is a summary of the mortgage loan process:
1 - Homebuyer
- Contact loan originator for financing information
- Gather information needed for your application
- Begin the search for your new home
- Assists you in completing the loan application
- Discusses qualifying, monthly payments and cash needed for closing
- Explains various loan programs available and quotes interest rates
- Communicates documentation requirements
- Answers any questions you may have throughout the process
- Communicates with you on items necessary for your loan closing
- Pre-underwrites and prepares loan for approval
- Works with all parties involved with the loan process
- Renders final decision on your loan
- Requests any additional documentation needed from you
- Works directly with loan originator and processor to approve your loan
- Assembles package for your closing day
- Sends package to the closing agent’s office
- Contacts you for your Home Owner’s insurance information
- Prepares Settlement Statement and e-mails to the processor for review
- Processor contacts you to review the settlement figures and cash for closing prior to closing
- Takes place at closing agent’s office
- Bring a certified check to closing and any other documentation required by lender or closing agent
- Bring Homeowner’s Insurance with paid receipt for one year
- CONGRATULATIONS on your purchase or refinance!
Understanding the New Government Regulations for Mortgages – information to help you understand the new Government Regulations for Mortgages and how they impact the loan process.
Whatever your home financing needs, Regions Mortgage is here to help you every step of the way. Please locate a Regions Mortgage Loan Originator or give us a call today at 1-877-536-3286 and we will be happy to assist you in selecting the right loan or answering any questions you may have.
