The Loan Document process is the stage when your loan
documents are being prepared by the investor. These loan documents are the legal binding
documents to finalize your transaction. They will include some of the following important
items to be signed:
- Note - Promissory Note indicating amount borrowed, interest rate
charged, and terms or repayment
- Deed of Trust - this documents places the property as security to the
loan and note
- HUD 1 - this document is the itemized break-down of all fee's
incurred for obtaining the loan
The process of obtaining these loan documents is typically two days.
One day for them to be prepared and one additional day for receipt. Some lenders, like
VA-Home-Loans.com are currently using technology to have this documents e-mailed and
printing in our office the same day.
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