Our Amazing Mortgage Process
Make no mistake, there’s a lot involved in getting a mortgage loan. We do most of the heavy lifting for you, so you can concentrate on what’s important – whether it’s preparing to move into your new home, saving money, or making plans for your home equity line of credit.
There are four main steps involved in getting a loan. You’ll see that we’ve made your part in them as easy as possible. We do all the work because, after all, that’s what we’re here for.
Step 1: Determine How Much You Can Borrow
This is a function of a couple things:
- How much of a monthly payment can you afford?
- Given your credit and employment history, income and debt and goals, how much will a lender loan you?
To start, you can get a rough idea of what you can afford by using the calculators on our website. We’ll also help you through different scenarios by asking a few simple questions.
Based on standard lender guidelines, we will provide you with a good idea of what kind of terms and loan program you can expect to most benefit from.
Step 2: Pre-Qualify For Your Loan
This is where the rubber meets the road, and you save the most money.
- You supply information about your employment, assets, residence history, and so on.
- We run your credit score, with your permission of course.
- All information is reviewed, then we give you a Pre-Qualification Letter.
- Handle it with care! To a home seller, it’s like a suitcase full of cash!
Your realty agent will use your Pre-Qual (as they may call it) to make the best offer on the home you choose, and the seller knows you’re pre-qualified. It gives you buying clout! And while you’re picking out the home that’s right for you, we’ll be busy finding the loan that’s right for you.
Step 3: Apply Today! We Make It Easy
Once you’ve made an offer and it has been accepted, it’s time to complete the loan application.
It couldn’t be easier, and you can do it online, right here on our website. When the time is right, we’ll order an appraisal of your new home.
Step 4: Your Loan Is Funded
Your realty agent and the selling agent will work together to designate an escrow/title company to handle the funding of your loan once it has been approved. We will coordinate with the escrow company to make sure all the papers your lender will need are in order, and you’ll sign everything at the escrow/title company’s office.
All you did was answer a few questions, give us some detailed information, apply online, and next thing you know, you’re moving in!
We’re in the business of mortgage loans, so we do most of the work. Doesn’t that make sense? Apply Online today or call us toll-free at 877.538.8773.