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What we do is 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 loan. You'll see that we've made your part in them
as easy as possible, and we do all the work! That's what
we're here for.
Step one: Determine
how much you can borrow
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? The first part you can 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 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: pre-qualify
for your loan
This is where the
rubber meets the road and you save the most money. You supply
information about your employment, your assets, your residence
history, and so on. We get your permission to run your credit
score. When we review all this information we give you a
Pre-Qualification Letter. Handle it with care -- to a home
seller, it's like a suitcase full of cash! Your realty agent
will use your Pre-Qual (as they may call it) to make the best
offer on the home you choose, and the seller knows you're
pre-qualified. It gives you buying clout! And while you're
picking out the home that's right for you, we're busy finding
the loan that's right for you.
Step three: 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 home.
Step four: your loan
is funded
Your realty agent
and the seller's will work together to designate an escrow/title
company to handle the funding of your loan once it's approved.
We'll coordinate with the escrow company to make sure all the
papers your lender will need are in order, and you'll sign
everything at the escrow/title company's office. You've answered
a few questions, given us some detailed information, applied
online, and next thing you know, you're moving in! We're in
the business of mortgage loans, you're not -- so we do most of
the work. Doesn't that make sense?
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