3 Stages of the Loan Process: 2. Under Contract | Underwriting Process | Home Buying 2021

Don't Atomic Bomb your chances of getting a loan after you are under contract! Don't get pre-approved and then go buy a new car, new furniture, new tv or start decorating the house until you get the keys. It can slow down or derail the entire mortgage process. Don't do anything different; Stay the Same!

Paul Lamnatos, Houston Lender, explains to Erica Parker, Houston Realtor, and her home buyers why many mortgage loans get held up or declined in the underwriting process. In addition, he explains the loan process while you're under contract. From appraisal to survey to questions about loan application documents, the loan process requires and covers a wide range of necessary steps to get the loan approved.

Don't be intimidated or scared of the process. Know the process and be confident in going forth with a home loan. Don't make the mistakes that Paul touches on.

Check out our earlier video on 3 Stages of the Loan Process: 1. Before Finding your Dream Home.

For more information on home buying tips 2021, please email me at erica.parker@exprealty.com or schedule an initial consultation at https://calendly.com/ericaparkernow.

For more information about BlinkLending and the loan products they provide, please visit BlinkLending.com.

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eXp Realty is a top real estate brokerage in Houston and Nationwide. Our brokerage is unique in that they see the potential of a digital learning and marketing environment, while pursuing traditional forms of marketing as well. Erica Parker strongly believes in consistently educating herself on real estate as an agent, investor and advisor as well as cutting edge marketing techniques including digital marketing and retargeting. She provides her clients with a first class experience.

Erica Parker, Queen of Real Estate, also advises people on how to start investing in real estate based on their time availability, level of risk and short/long term goals, including cash flowing v. appreciating rentals, wholesaling, wrap mortgages/owner financing and rehabbing.

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