An Overview of the Mortgage Loan Process
There is little doubt that getting a mortgage loan is a complex process. You wouldn't be visiting our site if it were possible to fill out a one-page application and receive a great loan check cut 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 milestones.
Step one: determine how much you can borrow
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. 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 the rubber meets the road and you save the most money. You will provide information about your employment, your assets, and residence history. You'll give us your employment, asset, and residence history information. We pull your credit score and report. After we have gone over this information we provide a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for your new home with your agent, we find the best program for you.
Once you have made the offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can do it online, right here on our site. After the offer has been accepted and you have applied for your loan, we'll order the professional appraisal on the home.
Step four: funding
Your real estate agent and the seller's will work together to designate a title company to handle the funding of your loan. We'll coordinate with this company to make sure the papers your lender requires are in order, and you will probably}likely sign all these papers at their officeWe do all the work to work with with this company to set your date to close. Since you won't have to coordinate this process, you can think about the move, if you're going to repaint, new carpet, and the details involved in getting your new home.
You've answered some few questions, given us detailed information, applied online, and Before you know it, you'll be moving! We take care of all the loan details so you can focus on finding your new home.
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!