The Four Steps of the Mortgage Loan Process:The Loan Mortgage Process: Four Steps
There can be little doubt ; getting a mortgage is a complex process. You wouldn't be here on our site if you could complete a simple loan app and get the best loan check cut the same day. But Quick Quote Mortgage NMLS #388278 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four primary steps involved in getting a mortgage loan.
Step one: determine how much you can borrow
This is a function of a couple things. What kind of monthly payment are you looking for? 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 rubber meets the road and Quick Quote Mortgage NMLS #388278 can really save you money. You will give us information on your current job, assets, and your residence history. You'll supply your employment, asset, and residence history information. We will get your credit report and score (with your permission, of course). We will go over this info and will provide a pre-qualification letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for a new house with your agent, we find the best program for you.
Step three: apply now! We make it easy
Once you have made the offer and it's been accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our site. At the end of this step, we'll order the appraisal of your new home.
Step four: funding
Your real estate agent and the seller's will work together to decide on a title company to take care of the funding of your loan once it's approved. We'll coordinate with this company to make sure all the papers your lender will need are avaiailable, and you'll probably}likely sign everything at their officeWe do all the work to work with with this company on your date to close. Because you will not have to worry about these details, you can concentrate on moving, paint colors, new carpet, and all the details of getting your new house.
You've answered some few questions, provided detailed information, applied online, and Before you know it, you're moving in! We do the legwork so you can spend your time finding your new home.
Have questions about the loan process? Call Quick Quote Mortgage NMLS #388278 at 866-584-4650. Quick Quote Mortgage NMLS #388278 answers loan process questions every day.