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

There's a lot involved in oder to get a mortgage. You would not be looking up loan information if it were possible to get a loan in one day by filling out a simple application. 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 loan involves four major milestones.

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? 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 step is where Amity Mortgage LLC can start saving you money. You will give us info on your current job, your assets, and residence history. You'll supply information on your employment, asset, and residence history. We get your permission to run your credit score and report. After we've reviewed this information, we'll give you a pre-qualificaiton letter. Your REALTOR® should use your 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 looking for a new house with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our site. After the offer has been accepted and you have submitted your loan application, we'll order a professional appraisal on the home.

Step four: funding

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

You've answered a few questions, provided lots of information, applied online, and Before you know it, you'll be moving! We take care of all the loan details so you can spend your time finding the new home that's right for you.

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