How the Loan Process Works
There's a lot to do when you get a mortgage. You wouldn't be visiting our website if it were possible to fill out a one-page loan app and receive the best loan check cut the same day. We do 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 mortgage loan involves four major milestones.
Step one: Decide on your maximum loan amount
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. 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 step is where CHASE MORTGAGE, Inc. #317430 will start saving you money. You will provide info about your current job, assets, and residence history. You'll give us information on your employment, asset, and residence history. We get your permission to pull your credit score and report. We'll go over all this info then will give you a pre-qualification letter. Handle it with care — it can be 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 shopping for your new house with your REALTOR™, we find the best program for you.
Once you've made the offer and the sellers have accepted, it's time to complete the loan application. It's very easy, and you can apply online, right here on our website. Finally, we'll order the appraisal of your new home.
Step four: funding
Your REALTOR® and the seller's will work together to designate an escrow/title company to take care of the funding of your loan once it has been approved. We'll work with this company to make sure all the papers your lender will require are avaiailable, and you'll probably}likely sign everything at this company's officeWe work with with this company to set your date of closing. Because you will not have to worry about these details, you can concentrate on the move, paint colors, carpet, and the details involved in getting your new house.
You've answered some few questions, given us detailed information, applied , and Before you know it, you're moving! We take care of the loan details so you can spend your time finding the new home that's right for you.
Have questions about the loan process? Call CHASE MORTGAGE, Inc. #317430 at 4357556622. It's our job to answer lending questions, so we're happy to help!