The Mortgage Loan Process: an Overview

No doubt, quite a lot involved in oder to get a mortgage. You wouldn't be here on our website if you could complete a simple mortgage application and get a great loan funded 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: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? 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. 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 the rubber meets the road and Amity Mortgage LLC can really save you money. You will give us information on your employment, assets, and residence history. You'll supply your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission. After we've reviewed the provided information, we'll provide a pre-qualificaiton letter. Your agent should use the pre-qual (as they may call it) 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, we're busy researching the loan that's just right for you.

Step three: apply for your loan

Once you have made an offer and it's been accepted, you should complete the loan application. Applying for a loan could not get much easier; you can apply online right here on our site. Finally, we will order an appraisal of your new home.

Step four: funding

The real estate agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate with this company to make sure the papers your lender requires are avaiailable, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with this company to set your closing date. Because you will not need to worry about these details, you get to think about moving, paint colors, carpet, and the fun parts of moving into a new home.

You've answered a few questions, provided detailed information, applied , and the next thing you know, you're 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 (203) 729-6681. Amity Mortgage LLC answers loan process questions every day.

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