The Four Steps of the Loan Process:The Loan Process: Four Steps
No doubt, a lot to do in oder to get a mortgage loan. You wouldn't be here on our website if you could complete a simple loan application and get the best loan funded the same day. But Amity Mortgage LLC 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 how much you can afford
This is a function of a couple things. What kind of monthly payment are you looking for? 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: complete a pre-qualification
This step is where Amity Mortgage LLC can begin to save you money. You will give us details about your employment, your assets, and your residence history. You'll supply your employment, asset, and residence history information. We get your permission to run your credit score and report. We will go over all this information and will provide a letter of pre-qualification. Be careful with this letter — it can be a useful tool for buying your new home! Your REALTOR® will likely use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for your new home with your REALTOR™, we find the best program for you.
Once you have made an offer and the sellers have accepted, it's time to apply for the loan. Applying for a loan could not get much easier; you can apply right here on our site. 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: funding
The agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll work with this company to make sure the papers your lender requires are in order, and you will probably}likely sign all these papers at this company's officeWe do all the work to work with with the title company on your date to close. Because you don't need to coordinate this process, you can concentrate on moving, paint colors, carpet, and all the details of moving into a new home.
You've answered some few questions, provided detailed information, applied online, and the next thing you know, you are moving in! Amity Mortgage LLC is in the business of mortgage loans; you're not — so we do the work. Doesn't that sound nice?
Have questions about the loan process? Call Amity Mortgage LLC at 2037296681. We answer questions about the loan process every day.