How the Mortgage Loan Process Works
There's little doubt ; getting a mortgage is a complicated process. You wouldn't be here on our website if you could complete a simple loan app and receive a great loan funded the same day. But CHASE MORTGAGE, Inc. #317430 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a mortgage loan involves four major milestones.
Step one: Decide on your maximum loan amount
A couple of factors determine this amount. 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? 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: pre-qualify for your loan
This is where the process really begins and CHASE MORTGAGE, Inc. #317430 can really save you money. You will supply information about your current job, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've reviewed your information, we'll provide you with a pre-qualificaiton letter. Your REALTOR® will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're deciding on the home that's right for you, we are finding the best loan for you.
Once you've made the offer and it's been accepted, it's time to complete the loan application. It's very easy, and you can apply online, right here on our website. After the offer has been accepted and you have applied for your loan, we'll order the professional appraisal on the home.
Step four: funding
The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to make sure all the papers your lender will need are avaiailable, and you'll probably}likely sign everything at this company's officeWe coordinate with the title company on your date of closing. Since you will not need to worry with this coordination, you get to concentrate on moving logistics, painting, new carpet, and the details involved in getting a new house.
You've answered some few questions, given us detailed information, applied , and Before you know it, you'll be moving! CHASE MORTGAGE, Inc. #317430 is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?
Have questions about the loan process? Call CHASE MORTGAGE, Inc. #317430 at 4357556622. We answer questions about the loan process every day.