[vc_row][vc_column][vc_custom_heading source=”post_title” font_container=”tag:h6|font_size:54|text_align:center|color:%23666666″ use_theme_fonts=”yes”][vc_single_image image=”5170″ img_size=”1562 * 347″ alignment=”center”][vc_custom_heading text=”From Sale to Closing” font_container=”tag:p|font_size:40|text_align:left|color:%23666666″ use_theme_fonts=”yes”][vc_custom_heading text=”We make sure our clients understand every step of the home buying process. Here is a look at how it all works.” font_container=”tag:p|font_size:18|text_align:left|color:%23111111″ use_theme_fonts=”yes”][vc_single_image image=”5171″ img_size=”1562 × 555″ alignment=”center”][vc_custom_heading text=”Definitions” font_container=”tag:p|font_size:25|text_align:left|color:%23666666″ use_theme_fonts=”yes”][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text]Appraisal – A professional estimate and opinion of the value of real property based on the analytics of facts derived from Comparisons and market conditions.
Conditions – Loan approvals are conditional and subject To “conditions” being met before the loan is approved and ready to be closed. This conditional items need to be collected, corrected, or completed prior to loan closing.
Credit Rating – The rating of an individual as a credit risk, based on debt repayment history and current financial status.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]Escrow – A deposit of document, funds, and instructions with a neutral third party to carry out the provisions of an agreement of contract.
Title Insurance – An insurance policy written to protect a Property owner or lender against loss if title is defective.
Title Report – A preliminary report disclosing condition of title on real property issued prior to title insurance policy.
Underwriting – Review of the file to determine if Documentation and borrowed details meet the investor guideline requirements for the loan program.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column][/vc_column][/vc_row]