Kevin Hancock's Blog

Step 2.  Pre-approval – This can be done along with your initial consultation, or it can be done at a later date.    2-a.  The first step toward pre-approval is to fill out a loan application.  This can usually be done either in person, over the phone, or online through your lender’s website.    ...

Are you inexperienced or unfamiliar with the Real Estate Buying Process?  Here is a step-by-step breakdown on how things should progress throughout the Real Estate Purchase process:   Step 1.  Initial Consultation – The first step in the process is to meet with a mortgage lender to discuss your g...

"And I'm proud to be an American,where at least I know I'm free.And I won't forget the men who died,who gave that right to me." -Lee Greenwood

It's spring cleaning time.  Time to root through the garage and reduce clutter The faithful faminly television that got you through the entire series of "Seinfeld"? See ya. The squeaky treadmill covered in cobwebs?  Out the door. The old motorcycle that you've been planning to fix up for the pas...

I posted this blog on Active Rain for the first time almost a year ago.  As far as I know, only 4 people read the blog.   Since then I have heard many other ideas for fixing the housing market, but obviously none of them have worked. So I decided to update and re-post to more groups in the hopes ...

Step 10.  Closing - Now that all of your documents have been signed, the Escrow Closer will send your original documents package to the office of the Lender's funding department.  The Escrow Closer knows who this is because it is designated in the closing instructions.  Once the Lender's office r...

PUTTING THE "FUN" IN FUNDING FEE If you have ever considered using your VA Home Loan Benefit, you may have heard about the "VA Funding Fee".  There are a lot of rumors and misinformation about who pays the funding fee, and where it goes, but we hope to clarify things with the help of the VA Lende...

Step 9.  Signing - The buyer and seller will be contacted for signing appointments to sign and review the appropriate documents.  In the State of Washington, the buyer and seller will sign separately.  This is a different process than you may experience in a "table funding" state.  The buyer's cl...

Step 8.  Loan Documents to Escrow - Having the Mortgage Documents sent to escrow is a major step in the homebuying process.  The loan is fully approved at this point, so there isn't much left to "stress" about.  This is the point where it becomes possible to determine, with the help of your loan ...