The Mortgage Loan Process: an Overview
There can be little doubt that getting a mortgage is a complex process. You wouldn't be visiting our site if it were possible to complete a simple mortgage application and get the best loan check cut in one day. But Amity Mortgage LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a home loan involves four major steps.
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: complete a pre-qualification
This step is where Amity Mortgage LLC can start to save you money. You will supply information about your current job, assets, and residence history. You'll supply your employment, asset, and residence history information. We get your permission to pull your credit score and report. We'll review all this info then will provide a letter of pre-qualification. 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 a new home with your real estate agent, we find the best program for you.
Once you've made the offer and it's been accepted, you should complete the loan application. It couldn't be easier, 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 a professional appraisal on the home.
Step four: funding
Your REALTOR® and the seller's will work together to find a title company to handle the funding of your loan once it's approved. We'll coordinate with this company to ensure the papers your lender requires are in order, and you'll probably}likely sign all these papers at their officeWe do all the work to coordinate with this company on your date of closing. Because you won't have to worry with this coordination, you can concentrate on moving logistics, paint colors, carpet, and the fun parts of getting a new house.
You've answered some few questions, given us detailed information, applied online, and Before you know it, you're moving! We take care of the mortgage legwork so you can spend your time finding your new home.
Have questions about the loan process? Call Amity Mortgage LLC at 2037296681. Amity Mortgage LLC answers loan process questions every day.