The Four Steps of the Mortgage Loan Process:The Loan Mortgage Process: Four Steps

There can be no question ; getting a mortgage loan is a complex process. You would not be researching mortgage loans if you could get a loan in one day with a simple application. But Amity Mortgage LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major milestones.

Step one: Decide on your maximum loan amount

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. 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 will begin saving you money. You will supply information on your current job, assets, and residence history. You'll provide your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission. We'll review all this information and will provide a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for the home that's right for you, we're busy finding the loan program that's just right for your situation.

Step three: apply now! We make it easy

After you've made the offer and the sellers have accepted, you should apply for the loan. It couldn't be easier, and you can apply online, right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to ensure the papers your lender requires are avaiailable, and you will probably}likely sign everything at their officeWe do all the work to coordinate with the title company to set your date of closing. Since you don't have to coordinate this process, you get to think about moving, paint colors, new carpet, and the details involved in getting a new house.

You've answered some few questions, given us lots of information, applied online, and before you know it, you are deciding when to move in! Amity Mortgage LLC is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?

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