Once your offer has been accepted by the seller, a Mortgage professional will assist you with the details of applying and closing (including a satisfactory property appraisal).

You can expect personalized and convenient service from your local Mortgage expert from start to finish. Chase Mortgage professionals will answer your questions about the different types of mortgages available, and offer advice on rates, your needs, your buying power, etc. You'll need to provide them with information on your income, credit history, debts, and liquid assets. If you've already gathered this documentation, things should go smoothly.

You can receive the expertise of a local Mortgage expert at any time. Just find the Chase Mortgage Branch near you, and give them a call, or send them an e-mail, to get started today.

Here is what happens to your application after it is completed:

1. The mortgage specialist reviews your information and contacts you to confirm your intent to apply and requests the required documentation to begin processing your application. Then the information is transferred to the Loan Processor to verify that all documentation needed to process the loan has been collected. Chase will order a formal appraisal that estimates the current value of the property. In addition, a survey of the property may be required, to verify that the property boundaries as stated in the purchase agreement are correct. A title search and title insurance are required to ensure that there are no other liens on the property. Chase can order these services on your behalf. Once documentation is complete, everything is transferred to the Underwriter.
   
2. The Underwriter usually has no direct contact with you but he or she is the one who reviews all of the documentation and makes the decision to approve or deny your loan. You are then notified of the decision and if approved, can set a closing date.
   
3. Once the Underwriter's decision is made, the information is transferred back to the Loan Processor. If approved, the Loan Processor will contact you, request any further documentation, and set a closing date. When complete, the information is given to the Closer to assemble the "closing package" - the finalized loan documents. The Loan Processor makes sure that all fees and other payments to be made at closing are documented accurately, and verifies information with the title agent. In most cases, he or she will also establish an escrow account for payment of necessary insurance and real estate taxes. Finally, the Loan Processor authorizes the mortgage funds for disbursement.
   

Note: You should get a Home Inspection prior to closing A prepurchase home inspection, performed by a professional, is a visual examination of the readily-accessible areas of a home to provide an accurate evaluation of the home's condition at the inspection. This evaluation is presented to the buyer in a comprehensive report so buyers are fully informed of the home's condition prior to purchase. While a home inspection is not required by Chase, it is highly recommended.