The National Hurricane Center gives the storm a name from the list once a tropical storm reaches wind speeds of 39 mph and develops a counter-clockwise circulation. The letters Q, U, X, Y and Z are omitted from the list because so few names begin with those letters. Names associated with storms that have caused significant death and/or damage are usually retired.
It usually takes a lender between 1-6 weeks to complete the evaluation of your application. It’s not unusual for the lender to ask for more information once the application has been submitted. The sooner you can provide the information, the faster your application will be processed. Once all the information has been verified, the lender will call you to let you know the outcome of your application. If the loan is approved, a closing date is set up and the lender will review the closing process with you. And after closing, you’ll be able to move into your new home.