THE HOME BUYING PROCESS
First Time Buyers or Moving and Buying

The Home Buying Process

At Universal Lending, we pride ourselves on our ability to help streamline the loan process. We make every effort to meet with each client at the beginning of the process in order to reinforce our availability and to educate the client on what to expect in the weeks before closing. Maintaining open lines of communication is so important and we want to reiterate our willingness to be there every step of the way. We typically meet you in your home or office, we want this to be as easy and stress free as possible.

Give us a call now – we’ll answer the questions direct! 720-465-7040

Home Buying Process

How Quick is The Process?

Once we have reviewed the loan documents with you and collected updated information, such as bank statements and pay stubs, we will submit the file to the loan processor who will verify the information provided, order the appraisal, and prepare the file for underwriting. Once your file has made it into the hands of the underwriter, your conditional approval will be issued, we will satisfy any conditions that have been placed on the loan, and we will resubmit to the underwriter for the final approval.

At the time of final approval, we are ready to send the figures to the title company, we will then be able to let you know if you need to bring funds to the closing and if so, how much. We will review those figures with you and then we will head to the closing.

The closing takes about 30 days to achieve, but only about an hour to complete once we arrive at that point. The closing is usually held at the title company chosen by the seller, or the lender in the case of a refinance. The closing is where the exchange of funds occurs and where the keys are generally given to the buyer. Closing is quite an achievement and everyone sighs a breath of relief when that, the last portion of the loan process, is complete.

"Love, love, love Ashley! I trust her with ANY client. Whether I have a question at 9 p.m. on a Wednesday, or 9 a.m. on a Sunday, she's always there with an answer. I truly appreciate this so much. Especially in this crazy market and with all the new regulation. I come across way too many mortgage bankers these days who don't want to do the necessary work, much less go out of their way to please their buyers, but Ashley does. She is fantastic!"  -- Beth Skinner / REALTOR

Debt Consolidation

Cut interest rates and streamline monthly payments

If you’ve been feeling overwhelmed by your monthly expenses—or finding yourself just scraping by each month—refinancing your home may be a great solution for you.

Benefits of debt consolidation

Consolidating your debt into a refinanced mortgage offers several benefits.

  • First, you can get rid of high interest charges you may be facing on credit card accounts.
  • Second, you can save time and money by only having to make one payment each month.
  • Third, you can consider increasing contributions to your retirement account or your rainy day fund (and even tackling that home improvement project you’ve been meaning to do!).

With debt consolidation, there are many ways you can make your home’s equity work for you.Give us a call, and we can help you see if a debt consolidation loan is right for you.