All you need to know (or could ever wonder) about the Mortgage Process.

That’s something I would love to sit down and talk about – but to get started, here are some questions you can ask yourself:

  • Do I have a steady source of income?
  • Have I been employed on a regular basis for the last 2-3 years?
  • Is my current income reliable?
  • Do I have a good record of paying my bills?
  • Do I have few outstanding long-term debts, like car payments?
  • Do I have money saved for a down payment? (Programs available with zero down payment)
  • Do I have the ability to pay a mortgage every month, plus additional costs?

If you can answer “yes” to these questions, you will most likely qualify to buy your own home.

  1. Preview available homes to weed out those that are overpriced, or undesirable in some other way.
  2. Present the homes that suit your needs as you’ve defined them.
  3. Help you determine the difference between a “good buy” and a property which, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future.
  4. Negotiate the best deal for you. With a Pre-Qualification letter from us in hand, your Real Estate Agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the Seller, and may make the difference between the Seller accepting your offer or someone else’s — even if your offer is lower!
  1. Assist you in selecting the best loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)
  2. Keep you informed of your loan status throughout the entire process.
  3. Keep your Real Estate Agent informed of our loan progress (Note: your personal information is always kept confidential between you and us; only deal points and progress are shared).
  4. Get the appropriate loan for you at the best rates and fees. This will save you significant money “up front” and throughout the years to come.
  1. Keep your Real Estate Agent informed of any questions or concerns as they develop.
  2. Keep the process moving by providing documentation and decisions as soon as reasonably possible. By doing so, many of the details are taken care of early in the process so you can comfortably concentrate on any last-minute details or events that require your attention.
  3. Enjoy purchasing your home, but do remain objective throughout — to make the business decisions that are best for you.
  4. Make sure you are pre-approved as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home.

What does this whole process look like?

  • Application
    • The applicant completes an application – you can go ahead and get started right online here, or give me a call and I can help you get started. The loan process has begun!
  • Connection
    • After I get your application, I’ll give you a call. We’ll talk about options and make some decisions about the best loan program for your situation.
  • PreQualification
    • I’ll ask for some documentation, and then we’ll assess your credit, income and assets to quickly determine what loan(s) you qualify for. You’ll get notice of prequalification so you can move forward.
  • Loan Documents & Paperwork
    • I’ll let you know what we need to move forward – and make it as easy as possible for you to get that stuff organized.
  • Rate Lock, Title Work & Appraisal
    • Once we decide on your loan, we’ll move forward and get your interest rate locked down. We’ll order the title work and get the appraisal started.
  • Loan Submission to Underwriting
    • Once we’ve got everything in order, it gets sent to underwriting for approval.
  • Underwriting Approval
    • An underwriter will review the loan package and send the approval back to me with any conditions necessary. If additional items (conditions) are required by the underwriter, the quicker you get them to me, the sooner we can get things finalized.
  • Delivery of Loan Documents
    • The loan docs are prepared and sent to the Title Escrow agent. We’ll schedule the signing date and time between me, the Realtor and the Escrow agent.
  • Loan Funding
    • Once the signed loan documents are returned to the Funding Department, they’re looked over, and as long as everything is in order, the loan is funded.Congratulations! You’re a home owner!

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