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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Securities and insurance products are offered through INFINEX INVESTMENTS INC. and its affiliates, member FINRA/SIPC. Infinex Investments Inc. and Exchange Investment Services, Inc. are independent entities.
Securities and insurance products are offered through INFINEX INVESTMENTS INC. and its affiliates, member FINRA/SIPC. Infinex Investments Inc. and Exchange Investment Services, Inc. are independent entities.
Not FDIC Insured | Not Bank Guaranteed | May Lose Value | Not Guaranteed by any Government Agency | Not a Bank Deposit
This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. registered representatives. Infinex Investments Inc. registered representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all the investments and services mentioned are available in every state.
