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Make no mistake, there's a lot involved in getting
a mortgage loan. You wouldn't be here on our website if you could
fill out a one-page application and get the best loan for you
funded the same day. What we do is do most of the heavy lifting
for you, so you can concentrate on what's important -- preparing
to move into your new home, saving money, or making plans for
your home equity check.
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, and we do all the work! That's what we're here for.
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This is a function of a couple things. How much of a monthly payment
can you afford? And given your unique credit and employment history,
income and debt, and goals, how much will a lender loan you? The
first part you can get a rough idea of 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'll get you a good idea of what kind of terms and loan program
you can expect to benefit most from.
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This is where the rubber meets t?he road and you save the most money.
You supply information about your employment, your assets, your
residence history, and so on. We get your permission to run your
credit score. When we review all this information 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're busy finding the loan that's right for you.
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Once you've made an offer and it's been accepted, it's time to complete
the loan application. It couldn't be easier, and you can do it online,
right here at our website. When the time is right, we'll order an
appraisal of your new home.
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| Step four: your loan is funded |
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Your realty agent and the seller's will work together to designate
an escrow/title company to handle the funding of your loan once
it's approved. We'll 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.
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