The Loan Process: an Overview

There's quite a lot involved when you get a mortgage loan. You would not be researching mortgage loans if it were possible to get a loan in a single 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 important steps involved in getting a mortgage loan.

Step one: Decide how much you can afford

A couple of factors determine this amount. 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: complete a pre-qualification

This is where CHASE MORTGAGE, Inc. #317430 can begin saving you money. You will give us info about your employment, assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. After we've finished reviewing this information, we'll provide a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're looking for your new home with your real estate agent, we find the best program for you.

Step three: apply for your loan

Once you have made the offer and it's been accepted, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our site. After the offer has been accepted and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing. We'll work with this company to ensure the papers your lender will require are in order, and you will probably}likely sign all these papers at their officeWe work with with this company on your date to close. Because you don't have to worry about these details, you can think about moving logistics, paint colors, 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 are deciding when to move in! CHASE MORTGAGE, Inc. #317430 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 CHASE MORTGAGE, Inc. #317430 at 4357556622. CHASE MORTGAGE, Inc. #317430 answers loan process questions every day.