The Loan Process: an Overview
Make no mistake, there's quite a lot to do in oder to get a mortgage. You wouldn't be visiting our site if it were possible to fill out a simple application and receive the best loan check cut the same day. But Quick Quote Mortgage Inc NMLS #388278 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four important steps involved in obtaining a mortgage loan.
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? 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. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step two: pre-qualify for your loan
This is where Quick Quote Mortgage Inc NMLS #388278 will begin saving you money. You will supply details about your employment, your assets, and your residence history. You'll supply your employment, asset, and residence history information. We run your credit score and report. We'll review this information and provide a letter of pre-qualification. Your agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a new home with your REALTOR™, we find the best program for you.
Once you have made the offer and it's been accepted, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply any time 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
The agents will find an escrow/title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to make sure the papers your lender needs are in order, and you will probably}likely sign everything at their officeWe work with with this company on your date of closing. Since you won't have to coordinate this process, you get to think about moving, painting, carpet, and all the details of moving into a new home.
You've answered some few questions, provided detailed information, applied , and before you know it, you're deciding when to move in! We take care of all the loan details so you can focus on finding the new home that's right for you.
Have questions about the loan process? Call Quick Quote Mortgage Inc NMLS #388278 at 866-584-4650. It's our job to answer lending questions, so we're happy to help!