The Mortgage Loan Process: an Overview

Make no mistake, there's a lot involved when you get a mortgage loan. You wouldn't be here on our site if you could fill out a simple loan app and get an excellent loan funded in one day. 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 mortgage 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. 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 the rubber meets the road and Amity Mortgage LLC can really save you money. You will give us info about your employment, your assets, and your residence history. You'll supply information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we've finished reviewing your information, we'll give you a pre-qualificaiton letter. Your REALTOR® should use the 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, we are finding the best loan program for you.

Step three: apply now! We make it easy

After you've signed an offer and the sellers accept it, it's time to apply for the loan. It's very easy, and you can do it online, right here on our website. After the offer has been accepted and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: funding

The agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to ensure all the papers your lender will need are avaiailable, and you will probably}likely sign everything at this company's officeWe coordinate with this company on your closing date. Because you don't have to coordinate this process, you can concentrate on moving logistics, painting, carpet, and the fun parts of moving into your new home.

You've answered a few questions, provided detailed information, applied , and Before you know it, you're moving in! Amity Mortgage LLC is in the business of mortgage loans; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Amity Mortgage LLC at 2037296681. Amity Mortgage LLC answers loan process questions every day.