Andrew B Vaughey
Throughout the loan-application process, we provide you with regular updates. You can also e-mail us with questions or new information. And if you want assistance, a mortgage expert who can answer questions is just a phone call away.Here"s an overview of the loan-application process
STEP ONE -- Apply Now! Getting started is easy
If you are purchasing or refinancing the first step that should be taken is completing the loan application. The easiest and most efficient way to do this is by clicking the apply now link on our website however one of our loan consultants will be more than happy to take the loan application over the phone or in person at your convenience.
STEP TWO -- Gathering Additional Information and Supporting Documentation
Once you have completed the loan application a loan consultant will contact you to gather any additional information needed and supporting documentation.
STEP THREE -- Pre Approval and Loan Options
Once you have provided all the necesary information your loan consultant will be able to confirm your approval status and provide you a Good Faith Estimate which will show you the terms of the loan such as the loan amount, interest rate, and closing costs.
STEP FOUR -- Gathering Supporting Property Information and Submitting the loan to the Underwriter for Approval
At this point you have already been pre approved and decided to move forward with the loan. In this step we will obtain a purchase contract (if applicable) Title Work, Appraisal, Homeowners Insurance, and any other necesary requirements and submit your loan to the Underwriter for approval. The Underwriter may come back and ask for additional information. We will then submit any additional information that the Underwriter needs for Final Approval.
STEP FIVE -- Closing and Funding the Loan
Once the loan has been fully approved we will schedule a closing with the title company at a location and time that is convenienct for the client. The Closing typically takes about 1 hour and then the loan has been closed. If the loan is for a purchase the funds will be at the title company prior to closing and once all paperwork has been signed the title company will disburse the funds to all necesary parties. If this loan is for a refinance the loan will typically fund 3 business days after the closing. At this time the title company will disburse all necesary funds to all necesary parties
Diamond Investments Inc :Arbitrageur
One who profits from the differences in price when the same, or extremely similar, security, currency, or commodity is traded on two or more markets. The arbitrageur profits by simultaneously purchasing and selling these securities to take advantage of pricing differentials (spreads) created by market conditions. See: Risk arbitrage,convertible arbitrage,index arbitrage, and international arbitrage.
Accrued discount
Interest that accumulates on savings bonds from the date of purchase until the date of redemption or final maturity, whichever comes first. Series A, B, C, D, E, EE, F, I, and J are discount or accrual bonds, meaning principal and interest are paid when the bonds are redeemed. Series G, H, HH, and K are income bonds, and the semiannual interest paid to their holders is not included in accrued discount.
Account reconciliation
The reviewing and adjusting of the balance in a personal checkbook to match your bank statement.
Asian Development Bank
A financial_institution established in 1966 to reduce poverty in the Asia-Pacific region. The bank is headquartered in Manila, Philippines and consists of 61 member countries.
Interest that accumulates on savings bonds from the date of purchase until the date of redemption or final maturity, whichever comes first. Series A, B, C, D, E, EE, F, I, and J are discount or accrual bonds, meaning principal and interest are paid when the bonds are redeemed. Series G, H, HH, and K are income bonds, and the semiannual interest paid to their holders is not included in accrued discount.