Beginning October 3rd, 2015, the mortgage process changed to the new T.R.I.D. process. If you have never purchased a home with a mortgage, you’ll know no different. However, if you have, I think you will see more strict deadlines for paperwork, more interactions with your mortgage company, longer timeframes to close (at least in the beginning while they all figure out their processes) & more lenders are attending closings than I’ve ever experienced.
All that aside, here is a great tool to help you understand the mortgage process: Your Home Loan Toolkit.
If you just want to know what has changed because you are not new to the real estate mortgage process, here: Learn what has & hasn’t changed with the mortgage process .
Now, check out the Charlotte Real Estate Monthly Indicators for October 2015 provided by the Charlotte Regional Realtors Association.
Charlotte Real Estate Monthly Report October 2015