An Overview of the Mortgage Loan Process

	In the market for a mortgage loan? We will be glad to help! Give us a call at 8007903317. Ready to begin? Apply Online Now.

Make no mistake, there's quite a lot to do when you get a mortgage. You would not be looking up loan information if it were possible to get a mortgage loan in a single day by filling out a simple application. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

There are four main steps involved in obtaining a loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This is where the rubber meets the road and you save the most money. You will give us details on your current job, assets, and residence history. You'll provide information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission. We will go over this information then will give you a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for your new home with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you've made the offer and it's been accepted, it's time to complete the loan application. Applying for a loan couldn't be much easier; you can apply online right here on our site. After the offer has been accepted and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will coordinate to designate an escrow/title company to handle the funding of your loan once it's approved. We'll work with this company to make sure the papers your lender needs are in order, and you will probably}likely sign all these papers at their officeWe work with with this company on your date of closing. Since you will not have to coordinate this process, you can concentrate on moving logistics, paint colors, carpet, and the fun parts of getting a new home.

You've answered a few questions, given us detailed information, applied online, and before you know it, you're deciding when to move in! Steve Whittaker is a mortgage specialist; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call Steve Whittaker at 8007903317. It's our job to answer lending questions, so we're happy to help!