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An overview of the loan process
Make no mistake, there's a lot involved in getting a mortgage loan. We do most of the heavy lifting for you, so you can concentrate on what's important -- preparing to move into your new home, getting furniture, etc...it should be an exciting and happy time for you, not a cumbersome one.
| Step one: Have a preliminary conversation with Steve |
This is a time of discovery. It is important to determine what is important about this loan for you and how it will affect your personal financial situation. Are there any concerns that need to be addressed with regard to credit, down payment...will there be a need for a co-signer? All of these questions and more are important to answered and evaluated up front.
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| Step two: Fill out an application |
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There are MANY variables that go in to qualifying for a loan. Every person has a different situation. Unless your income, assets and debt are accurately assessed, there is no way to determine what you truly qualify for. With out submitting an application, all scenarios and conversations will be speculation. The application does not take long and is not a commitment. Once we process your application, we can determine your capacity to buy and even share with you estimated monthly payments.
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| Step three: Go find a house! |
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Now that you know how much house you can buy, start looking for one. Once you and your Realtor have found a house, we will send a pre-approval letter on your behalf so that your negotiation will have more leverage. Once the offer is accepted, we take over.
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Step four: Let us take care of the details... then get the keys to your new Home! |
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We will coordinate everything...the Realtors, the title company,the attorneys, the underwriters the closing department, and many more who are involved. We even talk to your insurance agent and inform them about the specifics of the home. After a few weeks you go to the title company and sign your name to all of the documents and you are now a happy homeowner!
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