An Overview of the Loan Process
There's no doubt that getting a mortgage is a complicated process. You would not be looking up loan information if you could get a loan in a single day with a simple application. But Amity Mortgage LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four main steps involved in obtaining a loan.
Step one: Decide how much you can afford
This is a function of a couple things. 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. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: complete a pre-qualification
This is where the rubber meets the road and Amity Mortgage LLC can really save you money. You will supply details on your employment, assets, and your residence history. You'll supply information on your employment, asset, and residence history. We get your permission to run your credit score and report. After we've reviewed this information, we'll give you a pre-qualificaiton letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for your new house with your REALTOR™, we find the best program for you.
Step three: apply now! We make it easy
Once you've made an offer and it's been accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our website. When the time is right, we will order the appraisal of your new home.
Step four: funding
Your real estate agent and the seller's will work together to decide on a title company to handle the funding of your loan. We'll work with this company to make sure the papers your lender requires are in order, and you'll probably}likely sign everything at their officeWe do all the work to coordinate with this company to set your date to close. Since you will not have to coordinate this process, you can concentrate on moving, if you're going to repaint, new carpet, and the details involved in moving into a new house.
You've answered some few questions, provided lots of information, applied , and Before you know it, you'll be moving! We do the mortgage legwork so you can spend your time finding your new home.
Have questions about the loan process? Call Amity Mortgage LLC at (203) 729-6681. Amity Mortgage LLC answers loan process questions every day.