Bengal Brokerage is a real estate firm in Plano Texas offering new homes for sale in Plano, Allen, Frisco, and McKinney. Our real estate agents will find you luxury homes for sale. Our real estate agents have many years of experience finding homes for sale in Plano, Allen, McKinney and Frisco Texas. Many clients have trusted Bengal Real Estate to find their new homes for sale in Collin County. Our commitment to you is to always provide the highest quality service. What separates Bengal Real Estate from others? The Collin county real estate market is booming and very competitive. Our real estate agents are training to treat each client in a very unique way. We listen to you and custom a plan to find a new home for sale that will match all your requirements such as school districts, neighborhood, Traffic, type of high speed internet and all factors you have given us. Whether you are buying a new home or selling your Collin county real estate, our real estate are ready to serve you. Come see why so many have trusted us.
2070 W Spring Creek Pkwy
Plano
TX
75023
United States

Mortgage Process

The Loan Application Process:

We, at Bengal Brokerage, will want to verify certain information about you and the property. Borrower information will include verification of income and employment, assets, and your credit history. You, the applicant, as part of your application process, will usually provide some of this information. Other information, such as your credit history, will be obtained directly from the credit bureaus.

The Loan Approval Process

During the "processing" and/or "underwriting" period, your credit, assets, income and other determinants are checked and compiled. Your loan is either approved with conditions, or approved without conditions or declined. Conditions are further documentation or checks we will need to finalize your loan before funds can be dispersed. Some borrowers become frustrated by conditions that surface at the end of a loan transaction and can't understand why they are being raised so late. Final conditions are sometimes added for final approval. We do our best to help you through the process - remember, we are simply trying to meet conditions imposed by other sources.

Since most loans are sold and serviced by other parties, the lender must verify that the loan can be sold upon close. Not to worry, no other terms of your loan can be changed after you have signed your final loan documents. When all conditions are met, your loan documents are drawn up and forwarded to the place of settlement or closing, typically a title and/or escrow company.

IMPORTANT NOTE:

Do not make any adverse changes to your financial "picture" during the loan process. Things as simple as applying for a new department store credit card to purchase a new appliance will at least force an explanation to be given and at worst may cause your loan not to fund and the approval to be withdrawn. Many times a final credit report update and additional calls to your employer may be required before funding the loan. Be patient and your loan will flow smoothly.

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the North Texas Real Estate Information Systems Inc. Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo. Consumers accessing this site may not reproduce or redistribue the NTREIS data and it is only for use search for homes on this site. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Ultimate IDX, nor the owners of this site shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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