How the Mortgage Loan Process Works

There can be no question ; getting a mortgage is a complex process. You wouldn't be visiting our site if it were possible to fill out a simple loan application and receive an excellent 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 loan involves four major steps.

Step one: Decide on your maximum loan amount

This is a function of a couple things. 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 step is where CHASE MORTGAGE, Inc. #317430 can start to save you money. You will give us information on your current job, your assets, and residence history. You'll provide your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we've reviewed the provided information, we'll provide a pre-qualificaiton letter. Be careful with this letter — it is a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. While you're picking out the home that's right for you, we're busy researching the loan that's just right for your situation.

Step three: apply now! We make it easy

Once you have signed an offer and the sellers accept it, you should apply for the loan. It's very easy, and you can apply online, right here on our website. After the seller has accepted your offer and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: your loan is funded

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 needs are in order, and you'll probably}likely sign all these papers at their officeWe coordinate with this company on your date of closing. Because you won't need to worry with this coordination, you can concentrate on moving logistics, paint colors, new carpet, and the fun parts of getting your new home.

You've answered some few questions, given us detailed information, applied , and Before you know it, you're moving in! We do 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. We answer questions about the loan process every day.