The Mortgage Loan Process: an Overview
There's no doubt ; getting a mortgage is a complex process. You wouldn't be visiting our website if you could fill out a one-page loan app and get the best loan check cut the same day. But Amity Mortgage LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four primary steps involved in obtaining a mortgage loan.
Step one: Decide how much you can afford
A couple of factors determine this amount. 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? You can get a good idea of your preferred payment abount using the calculators on our website. 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: complete a pre-qualification
This is where the process really begins and Amity Mortgage LLC can really save you money. You will provide details about your current job, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We will pull get your credit report and score (with your permission, of course). After we've reviewed your information, we'll provide you with a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're picking out your new home, we're busy finding the loan that's right for you.
Step three: apply now! We make it easy
After you've made an offer and the sellers accept it, it's time to apply for the loan. Applying for a loan could not be much easier; you can apply any time right here on our site. When the time is right, we'll order an appraisal of your new home.
Step four: funding
The agents will find a title company to handle the "funding" and closing. We'll work with this company to make sure the papers your lender will need 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 closing date. Because you don't need to worry about these details, you get to think about moving, paint colors, carpet, and the details involved in moving into a new house.
You've answered some few questions, given us lots of information, applied online, and the next thing you know, you are moving in! Amity Mortgage LLC is a mortgage specialist; you're not — so take care of the details. Doesn't that sound nice?
Have questions about the loan process? Call Amity Mortgage LLC at 2037296681. It's our job to answer lending questions, so we're happy to help!