After You Apply For The Loan - Los Angeles
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<P><font face=arial,helvetica>Depending on the type of loan you have applied for, and your personal situation, it can take a lender several weeks to complete the evaluation of your application. It is not unusual for the lender to ask for more information once your loan application has been submitted. Often this is documentation to verify information shown on the application. The sooner you can provide the requested information, the faster your application will be processed.</font></P>
<P><font face=arial,helvetica>Once all the information has been verified, the lender will have a complete package on you as a buyer / borrower. The underwriter (in some cases, more than one underwriter) will review your application and supporting documentation. Your lender will generally contact you to let you know the outcome of your application.</font></P>
<P><font face=arial,helvetica>If the loan is approved, you and your real estate agent can confirm the closing date. It is important to communicate with the lender and to review the closing information with the lender. Make sure you understand the fees that you will pay for the loan and related expenses.<BR><BR>And after closing, you'll be able to move into your new home!</font></P>
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