The Buying Transaction
- Making an Offer
- Items for Negotiation
- Entering into a Contract
- Hiring an Attorney
- The Application Process
- What to Expect After Application
- The Commitment
- Should You "Lock In?"
- Legal Forms of Ownership
What to Expect After Application
Once you submit your application, it's helpful to be aware of what happens next in the process. Within three days after you submit a completed application, you will receive a package containing the following information:
- Mortgage Disclosure Statement: This document represents the lender's good faith estimate of your principal and interest charges over the life of the loan you have applied for. This is just an estimate. Your actual costs will most likely be different.
- Estimate of Settlement Costs: This outlines your estimated loan closing costs based on the loan you have applied for. The estimate is consistent with the lender's experience in handling loans. At your closing, you will receive a summary of all your actual costs.
- "HUD Guide for Homebuyers": This is a comprehensive booklet for your use as a guide throughout your remaining home buying experience. It is prepared for distribution by the federal government.
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To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.