Episode 7: Applying for a Mortgage Loan (Part One)

We get it – buying a home is a long-term commitment. That’s exactly why you’ll want to go into the process with a lender you trust and with as much information as possible. This episode features our very own Sarah Ellinor and industry professional Denise King with Cornerstone Home Lending as we discuss how to find your perfect lender and what to expect going into the mortgage application process.

Chapters

• 2:00 How do you find the right lender?
• 3:52 What are points and "buying down" the interest rate?
• 8:49 How do you compare estimates from different lenders?
• 13:52 What are the initial steps of the mortgage application process?
• 19:48 What is the appraisal?
• 24:17 What is the closing disclosure and when do you receive it?