The mortgage process can seem complicated, especially for first-time homebuyers. However, when you become familiar with each step of the process, and know what to expect along the way, you’ll realize that the home-buying and refinancing process is quite simple. This guide will walk you through each of the different steps in a typical mortgage approval process. Keep in mind that the lending process can vary from one person to another, so your experience may be slightly different from the one outlined below.