Documents You Receive
During loan processing, your lender will send you many documents.
Some, called disclosures, notify you of the legal rights you learned
about earlier. Others are designed to make you an informed consumer.
Ask questions about any items you do not understand.
The table below shows the timeframe and names of documents you
should receive. Click the links below to read a description of each and see some samples.
Check Your Learning:
This practice will help reinforce your understanding
of the lending process.
Directions
Click the Question links below.
- Question 1
- Question 2
- Read the questions below and consider the possible
answers. Click the Answer links to check the response.
Why does a loan application ask for:
|
|
If your loan is approved, you will go to the settlement stage and attend your loan
closing. At this meeting, you will receive the keys to your new
home. In the next section, you will learn what to expect at this
stage of the process.
|
