The Four Steps of the Mortgage Loan Process:The Loan Mortgage Process: Four Steps

Make no mistake, there's a lot to do when you get a mortgage loan. You wouldn't be looking up loan information if it were possible to get a loan in a single day by filling out a simple application. But CHASE MORTGAGE, Inc. #317430 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four primary steps involved in obtaining a 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? 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 the rubber meets the road and CHASE MORTGAGE, Inc. #317430 can really save you money. You will give us information on your employment, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We run your credit score and report. After we've reviewed the provided information, we'll provide you with a pre-qualificaiton letter. Handle it with care — it can be a great tool when you make your offer! Your real estate agent will likely use the pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're picking out your new home, we are finding the loan that best fits your needs.

Step three: apply for your loan

Once you have made the offer and the sellers have accepted, it's time to complete the loan application. It couldn't be easier, 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'll order a professional appraisal on the home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to decide on an escrow/title company to handle the funding of your loan. We'll work with this company to make sure all the papers your lender needs are in order, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with this company to set your date to close. Because you won't have to worry with this coordination, you get to concentrate on the move, painting, new carpet, and all the details of moving into a new house.

You've answered some few questions, given us detailed information, applied , and the next thing you know, you're deciding when to move in! We take care of the loan details so you can spend your time finding your new home.

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!