JoAnn Conrad
Broker Associate



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Buying a home and obtaining a mortgage is probably the biggest financial commitment you’ll ever make. Whether it is your first purchase or you have bought several homes in the past, previewing homes for sale, selecting which home is best for you, negotiating the purchase agreement, and closing the sale is a major process. It is important to have an experienced, competent realtor to represent your best interests in any type of real estate transaction.

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Guides/Glossaries



  Automated Underwriting

After you complete your loan application with a lender, it is sent to "underwriting" for review. In short, underwriting is the process used to analyze how you have managed credit obligations in the past, whether you have the ability to repay the mortgage loan you are applying for (i.e., your income and assets), and whether the price you are willing to pay for the home is supported by the price of the property.

 

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