Questions with Answers from Chandra

"GFE's" look viable. I've never gone beyond this with forward mortgage so I have some question on process:
1. Next step- Get Forward Loan Form" completed YES THAT IS STEP 1

2. Credit card authorization and signature.
YES BUT IT IS ON THE FORWARD LOAN FORM
(You do not have to get a signature as long as you put "Per Phone Authorization" and date it)

3. Your review to establish eligibility. Does she submit: W-2? 1099- for how many years? 2 months banking statement pay stub Soc. Sec award letter

SHE WILL SUBMIT ALL THAT AND SOME BACK WITH THE APPLICATION PACKAGE. I DO NOT NEED IT ALL BEFORE UNLESS YOU HAVE A CONCERN WITH THEIR INCOME. I WILL EMAIL YOU THE APPLICATION PACKAGE AFTER I GET THE CREDIT RUN. 4. You order appraisal- she pays appraiser? FOR A CONVENTIONAL LOAN WE ORDER BUT SHE MUST PAY UP FRONT AT TIME OF SCHEDULING. WE WILL HAVE HER COMPLETE A FORM WITH THE APPLICATION PACKAGE.FOR AN FHA LOAN THEY WILL PAY THE APPRAISER AT THE DOOR AT TIME OF INSPECTION.

5. You order loan doc's- you contact notary?
YES AND YES What do I tell the time frame is?
AT THIS TIME I WOULD SAY 30 TO 60 DAYS. IT DEPENDS ON THE LOAN PROGRAM AND LENDER.