Applications and
processing

The mortgage process involves various steps and key players. Here’s what you need to know:

1. Mortgage Brokers vs. Lenders:

• Mortgage Brokers act as intermediaries, helping you find the best loan options from multiple lenders.

• Lenders (banks, credit unions) directly finance your mortgage and handle loan servicing.

2. The Mortgage Application Process:

• Step 1: Submit your loan application with financial documents.

• Step 2: The lender evaluates your application and creditworthiness.

• Step 3: The home appraisal is conducted.

• Step 4: Loan approval and closing preparation.

Understanding each step of the loan process can help you navigate your mortgage journey with confidence. Key Realty Solutions is here to guide you every step of the way.