You will receive a preliminary loan package that includes:
• Your intent to proceed
• The interest rate, monthly payment
• Estimated total closing costs
• Estimated costs of taxes and insurance, and how the interest rate and payments may change in the future
• Special loan features if any
In order to move forward and start processing your loan, it’s important to review, complete, sign and return the loan documents. You will retain copies for your records.
In addition, we ask you for a $500 deposit to cover the initial costs incurred to process your loan such as getting an appraisal, and processing the title. This amount will be credited into your closing costs. |
