The Mortgage Loan Process: an Overview

Make no mistake, there's quite a lot involved in oder to get a mortgage loan. You would not be looking up loan information if you could get a loan in a single day with a simple application. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a loan involves four major milestones.

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? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple questions. 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: pre-qualify for your loan

This is where Amity Mortgage LLC can start to save you money. You will provide details on your employment, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We run your credit score and report. When we review this information we will give you a pre-qualification letter. Be careful with this letter — it is a great tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we are looking for the best loan for you.

Step three: apply now! We make it easy

Once you have made the offer and the sellers accept it, you should apply for the loan. Applying for a loan could not be much easier; you can apply any time right here on our site. At the end of this step, we will order an appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will work together to find a title company to take care of the funding of your loan. We'll work with this company to make sure the papers your lender will need are in order, and you will probably}likely sign everything at this company's officeWe do all the work to coordinate with the title company on your date to close. Since you don't have to coordinate this process, you get to think about the move, if you're going to repaint, carpet, and the details involved in moving into your new home.

You've answered a few questions, given us lots of information, applied , and the next thing you know, you are moving in! We take care of the loan details so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call Amity Mortgage LLC at (203) 729-6681. We answer questions about the loan process every day.

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