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

There's no doubt ; getting a mortgage loan is a complicated process. You wouldn't be visiting our site if you could fill out a simple loan app and get an excellent loan check cut in one day. 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 loan.

Step one: determine how much you can borrow

A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. 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 CHASE MORTGAGE, Inc. #317430 can start saving you money. You will supply details about your current job, your assets, and your residence history. You'll supply your employment, asset, and residence history information. We run your credit score and report. When we review all this info we will give you a pre-qualification letter. Be careful with this letter — it is a useful tool when you make your offer! 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 shopping for a new home with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and the sellers have accepted, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to find a title company to handle the funding of your loan once it has been approved. We'll coordinate with this company to make sure all the papers your lender needs are avaiailable, and you'll probably}likely sign everything at their officeWe coordinate with the title company on your date of closing. Because you will not have to worry with this coordination, you get to concentrate on moving logistics, if you're going to repaint, carpet, and all the details of moving into your new house.

You've answered a few questions, given us lots of information, applied online, and before you know it, you're deciding when to move in! We take care of all the loan details so you can focus on 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!