Buyer's Home Pre Approval Look at Homes Find a Good Realtor Make an Offer Inspection Mortgage Application Purchase and Sales Closing

With signed "Offer to Purchase" in hand and a "Pre-Approval" letter in your pocket, you are now ready to move on to the "Mortgage Application". "Addendum A" of the "Offer to Purchase" states dates agreed upon for making "Application By" which is about a week after the signed offer, and "Mortgage Committment" by the lender which is about 30 days after the signed "Purchase and Sales Agreement". So it's important to act right away. You have already done most of the work anyway by researching banks & mortgage companies and by providing the necessary info to get pre-approved. Assuming you are satisfied with the pre-approval provider, return to that mortgage broker and complete the mortgage application.