Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on this website if you could fill out a one-page application and get the best loan for you funded the same day. What I do is 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 line of credit.
There are four main steps involved in getting a loan. You'll see that I've made your part in them as easy as possible, and I do all the work! That's why I am here for
Step one: determine how much you can borrow
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 my website. I'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, I'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 you get the most and you save the money. You supply information about your employment, your assets, your residence history, and so on. I get your permission to run your credit score. When I review all this information I give you a Pre-Qualification Letter. Keep it with care to a home seller. Your realty agent will use it to make the best offer on the home you choose, and the seller knows you're pre-qualified. It gives you buying advantage, while you're picking out the home that's right for you.
Step three: apply now! I make it easy
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 the website. When the time is right, I will order an appraisal of your new home.
Step four: your loan is funded
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. I 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.
You've answered a few questions, given me some detailed information, applied online, and next thing you know, you're moving in! I am in the business of mortgage loans, so I do most of the work. you get the benefit and result of it that makes sense.
Blessing Care Way | Enterprise Financial-Realty |DRE# 01349014
