An Overview of the Mortgage Loan Process

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 the same day. We will 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 mortgage loan. You'll see we've made your part as easy as possible, and we will do most of the work; that's what we're here for!

Step 1: Determine How Much You Can Borrow

This is a function comprised of a several steps. How much of a monthly payment can you afford? Given your unique credit and employment history, income to debt ratio, goals, etc? First, and for your own curiosity, you may 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 lending guidelines, we'll help you get a good idea of what terms and loan programs you can expect to benefit from.

Step 2: Pre-Qualify for Your Loan

This is where the rubber meets the road. You supply information about your employment, your assets, your financial history, and so on. We get your permission to run your credit report. When we review this information we will Pre-Qualify your request. If purchasing a property your realtor will use your Pre-Qual (as they may call it) to make an offer on the property of your choice. The seller now knows you're pre-qualified, which will help the seller decide on whether they want to accept your offer. A pre-qualification letter is like having "buying clout" since the seller will know you have already been preselected as a qualified buyer (and while you're picking out the property that's right for you, we're busy finding the loan that's right for you as well!)

Step 3: Apply Now! We 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 our website. When the time is right, we'll order an appraisal of your new property.

Step 4: Your Loan is Funded

In the case of a purchase, your realtor and the seller's agent will work together to designate a title company to handle the funding of your loan once it's approved. We'll coordinate with the title company to make sure all the papers you will need are in order, and you'll sign everything at the title company's office. Should you decide, we can conduct closing in our office with a title company of your choice.

Answer a few questions here on-line and begin the process with no application fee. We're in the business of making mortgage loans a reality, it's all we do!