About the Mortgage Loan Process
There's little doubt that getting a mortgage is a complicated process. You wouldn't be here on our website if it were possible to complete a one-page loan app and receive a great loan funded 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 main steps involved in getting a loan.
Step one: determine how much you can borrow
A couple of factors determine this amount. What kind of monthly payment are you looking for? 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. We'll also help you through different scenarios by asking a few simple questions. 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 NMLS #388278 can begin saving you money. You will provide info about your employment, your assets, and residence history. You'll supply information on your employment, asset, and residence history. We get your permission to run your credit score and report. We'll review this information and will give you a letter of pre-qualification. Be careful with this letter — it is a great tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're deciding on your new home, we're busy researching the loan program that's right for your unique situation.
Once you have made the offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can apply online, right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order the professional appraisal on the home.
Step four: your loan is funded
The agents will find a title company to handle the "funding" of the loan and closing. We'll coordinate with this company to make sure the papers your lender requires are in order, and you will probably}likely sign everything at their officeWe do all the work to coordinate with this company on your date of closing. Since you don't have to worry with this coordination, you can think about moving, if you're going to repaint, new carpet, and all the details of getting your new home.
You've answered some few questions, given us lots of information, applied online, and Before you know it, you're moving! Quick Quote Mortgage NMLS #388278 is in the business of loans; you're not — so take care of the details. Makes sense, doesn't it??
Have questions about the loan process? Call Quick Quote Mortgage NMLS #388278 at 866-584-4650. We answer questions about the loan process every day.