An Overview of the Loan Process
No doubt, quite a lot involved in order to get a mortgage loan. You wouldn't be looking up loan information if it were possible to get a mortgage loan in a single day with 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.
Step One: Decide how much you can afford
A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. 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: Pre-qualify for your loan
This is where Full Access Mortgage, Inc. (NMLS 1049472) will begin saving you money. You will provide details on your employment, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission. After we've finished reviewing this information, we'll provide a pre-qualification letter. With this letter, your Realtor® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're picking out your new home, we're busy finding the loan that's just right for your unique situation.
Once you've made the offer and it's been accepted, it's time to complete the loan application. It's very easy, and you can apply online, right here on our site. At the end of this step, we'll order an appraisal of your new home.
Step Four: Your loan is funded
Your Realtor® and the sellers will coordinate to decide on a title company to handle the funding of your loan once it has been approved. We'll work with this company to ensure all the papers your lender requires are available, and you'll probably sign all these papers at their office. We will work with this company on your closing date. Because you don't need to worry with this coordination, you can think about moving logistics, if you're going to repaint, new carpet, and the details involved in moving into your new home.
After you have answered some few questions, given us detailed information, and applied, you'll be ready to move sooner than you think! Full Access Mortgage, Inc. (NMLS 1049472) is a mortgage specialist; you're not — so let the experts do the work. Doesn't that sound nice?