when will i receive the money

Hi Wilsonlina,

Welcome to forums.

Congratulations for being approved for the loan :!:

I hope you have taken the loan to purchase a home. IN that case, simply follow the steps given below:

1. Find a suitable home if you haven't yet done so.
2. Sign the documents such as Offer to purchase contract and the Purchase and Sales Agreement.
3. Get an home inspection done by any home inspector (you may ask the lender if he's willing to appoint one for you)
4. Apply for Private Mortgage Insurance and Homeowners Insurance policies - the former is to get a coverage that you can pay off the loan if you're in default. The latter is to protect your home from damages.

I still feel you should have a direct talk with your lender and find out if he requires something more to be done by you.

Thanks

the first step you need to take is to contact the actual lender who told you that you have been approved. telling all of us was quite thoughtful, but it wont put any money in your pockets.

Make sure that you have the terms of your approval in writing. The mortgage company is required by law to send out disclosures within 3 days of application. Look at the Good Faith Estimate, The interest rate, and ask if your interest rate is locked. If it's not, then it means nothing if the market changes which it does on a daily basis. If you want to compare mortgage rates to be sure your getting a good deal, then go to "www.mortgagelenders.us.com"

[Link deactivated as per forum rules. Thanks.]