Home buying is a detailed, multi step process that can take quite a while to complete. Between the home appraisal and insurance underwriting it can seem like an eternity before you even get a move in date. Stay patient though and before you know it you’l be living your dreams. CM
The insurance underwriting process helps the lender determine their financial risk and, like home appraisal, has a significant impact on whether or not the loan is approved. Steps like this can often slow down the home buying process but they are necessary. CM
In the process of home buying your lender will take a few precautions before finalizing a deal. On top of scheduling a home appraisal to determine the market value of the property there is also an insurance underwriting process. This process helps the lender to determine their financial risk and has a significant impact on whether…