Get a Transaction Checklist Before You Buy
It’s important to know all the requirements when meeting with your lender. Use this checklist as a tool to help facilitate this process. It outlines the recommenced steps, but be sure to check with your own lender to see whether any additional steps may be required.
Sandra Duncan, BA, MBA, REALTOR®, CCS’s
Basic Transaction Checklist
Step 1: Work with your lender to provide financing for your home purchase. You can:
Get pre-qualified
Get pre-approved
Step 2: Select a home
Step 3: Get a sales contract on a home
Step 4: Select the type of mortgage you want
Step 5: Select a lender
Step 6: Apply for a mortgage
Complete a loan application
Participate in a loan interview either over the telephone, online or in-person
Receive a good faith estimate
Receive Truth in Lending Disclosure
Loan submitted for final review
Step 7: Closing
Closing agent reviews whether the conditions of loan are met
Make final inspection (walk-through) of the home
Sign and record necessary documents
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