Remove Brokerage Remove Proof of funds Remove Title search
article thumbnail

How Long Does It Take to Get Preapproved for a Mortgage? Here’s Your Ballpark Guide!

HomeLight

Two months of bank statements as proof of funds to show you have the down payment that you say you do. Proof of other forms of income like child support or rental income if you own other investment properties. Retirement or brokerage account statements. Closing conditions (inspections, appraisal, title search, etc.)

Mortgages 111
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.