About the Loan Process

No doubt, a lot to do when you get a mortgage. You would not be looking up loan information if you could get a loan in one day with 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 mortgage loan.

Step one: Decide on your maximum loan amount

This is a function of a couple things. 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? 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. 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: complete a pre-qualification

This is where the rubber meets the road and you save the most money. You will supply details on your current job, assets, and your residence history. You'll supply your employment, asset, and residence history information. We get your permission to run your credit score and report. After we have gone over this info we provide a letter of pre-qualification. Be careful with this letter — it is a useful tool for buying your new home! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for your new home, we are finding the best loan for you.

Step three: apply now! We make it easy

After you've signed the offer and the sellers have accepted, you should apply for the loan. Applying for a loan could not get much easier; you can apply right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will coordinate to decide on an escrow/title company to take care of the funding of your loan. We'll coordinate with this company to make sure the papers your lender requires are in order, and you'll probably}likely sign all these papers at their officeWe coordinate with this company to set your closing date. Because you will not have to worry about these details, you get to think about moving, painting, carpet, and all the details of moving into your new house.

You've answered a few questions, given us detailed information, applied online, and the next thing you know, you're moving in! We take care of the mortgage legwork so you can spend your time finding your new home.

Have questions about the loan process? Call CHASE MORTGAGE, Inc. #317430 at 4357556622. CHASE MORTGAGE, Inc. #317430 answers loan process questions every day.