I put together most frequently asked questions about home mortgage process.
I laid out the mortgage
process to give you a heads-up in planning for buying a home in a simple way .
If you have any further questions,
feel free to call or send an e-mail .
The steps to apply for a Mortgage
Step One - Research
Start the discovery process, get an idea of what ballpark your loan is in. Use these tools to get an estimate of what you can afford:
• What will my mortgage payment be?
• How much can home can you afford?
Step Two - Prequalify
Search and compare mortgage lenders with Mortgage101 you can prequalify with up to four lenders at once. Once you've found your lender set up an appointment. They can help you figure out what kind of house you can afford. This is a great time to see what type of loan would work best for you. In this step you should do following:
• Search Rates
• Prequalify Online
Step Three - Complete Mortgage Application
Mortgage Applications are now a days available online. They provide information on your personal financial situation. Sign a release allowing a lender to run a credit check. In this step you should do following:
• Choosing a Mortgage Company
• Your Credit and Mortgage Process
Step Four - Get Pre-Approved
Your information will be confirmed The Credit report will be checked Subject to appraisal, the loan is approved. Being pre-approved will speed things up for when you find your home