About the Mortgage Loan Process
There is little question ; getting a mortgage is a complex process. You wouldn't be visiting our website if it were possible to complete a one-page loan app and receive an excellent loan check cut the same day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
Getting a loan involves four major steps.
Step one: Decide how much you can afford
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? Use the calculators on our website to determine your monthly payment amount. 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: complete a pre-qualification
This is where the process really begins and Quick Quote Mortgage Inc NMLS #388278 can really save you money. You will provide details about your employment, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. When we review this information we give you a letter of pre-qualification. Be careful with this letter — it can be a useful tool for buying your new home! Your REALTOR® will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're deciding on the home that's right for you, we're busy researching the loan that's just right for you.
Once you have signed an offer and the sellers have accepted, you should apply for the loan. Applying for your loan could not be much easier; you can apply right here on our site. After the offer has been accepted and you have applied for your loan, we will order a professional appraisal on the home.
Step four: funding
The agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to ensure all the papers your lender needs are avaiailable, and you will probably}likely sign all these papers at this company's officeWe work with with the title company to set your closing date. Because you will not need to worry with this coordination, you can think about the move, if you're going to repaint, carpet, and the details involved in moving into your new home.
You've answered a few questions, provided detailed information, applied online, and Before you know it, you're moving in! Quick Quote Mortgage Inc NMLS #388278 is a mortgage specialist; you're not — so we do the work. Makes sense, doesn't it??
Have questions about the loan process? Call Quick Quote Mortgage Inc NMLS #388278 at 866-584-4650. Quick Quote Mortgage Inc NMLS #388278 answers loan process questions every day.