The Mortgage Loan Process - Step 4 - Conditional Approval

First time homebuyer with no idea about the mortgage loan process? Well, follow me as I walk you through the mortgage loan journey here with the fourth step, Conditional Approval.

[analisisyrevisionteologica]

Once the conditional approval I meet the conditions how long it takes for closing?

[ROLOGamingOfficial]

I'm currently in this step so exciting.

[nunyabusinessllc]

I’m a noob and I have a question. I have been conditionally approved by broker but I have not even chosen a house let alone made an offer

Is that normal?

[rishardhudson]

Great video! I knew the process but you cleared it up man thank you!

[kungfukd]

I’m an over thinker… I’m currently on this step right now and everyone keeps saying “congrats on your purchase!” But don’t explain what “conditional approval” is. I asked what would disqualify me from being fully approved? And they said just don’t make big purchases. No explanation but advice to not buy anything.

[morganbarber]

What are the odds of not being approved after pre-approval? We are buying a new construction, we have completed the initial disclosure, we received an email from site superintendent to do a pre-drywall walkthrough, email to purchase homeowners insurance, email to set up communication regarding escrow and title…do you think odds are that we will be “good?” We paid off all credit card debt and the only thing our lender requested aside from the “normal documentation” was statements showing that certain cards were paid off as they weren’t reflected on credit report