The Four Steps of the Loan Process:The Loan Mortgage Process: Four Steps
Are you looking for a mortgage loan? We will be glad to help! Call us at 678-494-8250. Want to get started? Apply Online Now
There is no question that getting a mortgage loan is a complicated process. You would not be researching mortgage loans if it were possible to get a mortgage loan in a single day with a simple application. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
There are four primary steps involved in getting a loan.
Step one: Decide on your maximum loan amount
This is a function of a couple things. 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? You can get a good idea of your preferred payment amount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step two: complete a pre-qualification
This is where the rubber meets the road and you save the most money. You will provide information about your employment, assets, and your residence history. You'll supply your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission, of course). After we have gone over all this information we will provide a pre-qualification letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're picking out your new home, we're busy researching the loan that's right for you.
Step three: apply now! We make it easy
Once you have made the offer and the sellers have accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here on our website. At the end of this step, we'll order the appraisal of your new home.
Step four: funding
The real estate agents will find a title company to handle the "funding" and closing of the sale. We'll work with this company to ensure all the papers your lender needs are available, and you will probably}likely sign all these papers at their officeWe work with with this company to set your date of closing. 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 fun parts of getting your new house.
You've answered a few questions, provided detailed information, applied online, and before you know it, you're deciding when to move in! AAA Mortgage Solutions, LLC is in the business of loans; you're not — so take care of the details. Doesn't that make sense?
Have questions about the loan process? Call AAA Mortgage Solutions, LLC at 678-494-8250. We answer questions about the loan process every day.