Mortgage Finance Steps (Step by Step Process)
Here at AAIMF, it’s our goal to help you understand each and every step of mortgage process. Here’s what you can expect:
- Counseling: Is an essential step to seek an expert opinion and recommendation from our team of mortgage advisors who will help you finding the best mortgage finance solution that suit your requirements.
- Cooperation: With your collaboration and our expert team, we will choose the most suitable mortgage and preferable unit that will put your mind at ease.
- Processing: This is the phase where we work on the Appraisal, Title Search, Lien Payoff, and various other procedures until the final approval.
Initial Applying processing
- To fill in AAIMF Application form & its attachments.
- Submit income documents & unit documents
- Print I-score, to provide you with initial approval.
- Life insurance
- Unit documents due diligence
- Appraise Unit
- Final approval
- Closing & Disbursement: The final step is where everything is completely approved by all parties. Set date with you and seller to sign tripartite contract & other mortgage documents.