The concept of a mortgage is quite simple. It’s basically a loan for a home wherein the property itself is used as collateral. Securing a mortgage, however, can be complex. The process can take 30 days for a conventional loan and 45 days for an FHA or VA loan. There are several parties involved from the escrow agent to the loan underwriter, they all work behind the scenes to put it all together.
Effective October 3, 2015 – new loan estimate and closing disclosure forms. Click this link to the Consumer Financial Protection Bureau to get a Home Loan Toolkit – http://files.consumerfinance.gov/f/201503_cfpb_your-home-loan-toolkit-web.pdf
BMO Harris Bank, Port Charlotte, FL – Lara Praizner, 941-979-4480 (Canadian buyers and Mobile Home Lending)
Morningstar Mortgage, Port Charlotte, FL – Joseph Morningstar, 941-426-7827
Calusa National Bank, Port Charlotte, FL – Odette Embury, 941-255-8558
Charlotte State Bank, Port Charlotte, FL – Connie Ritchhart, 941-624-1906
Pre-Qualification vs Pre-Approval