About the Loan Process
There's little question that getting a mortgage is a complicated process. You wouldn't be here on our website if it were possible to complete a simple loan app and get the best loan check cut the same day. But Sky Apply Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a home loan involves four major steps.
Step one: determine how much you can borrow
A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? 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. 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: pre-qualify for your loan
This step is where Sky Apply Mortgage can start saving you money. You will provide information on your current job, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We pull your credit score and report. When we review all this information we give you a pre-qualification letter. Handle it with care — it can be a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're looking for your new home with your real estate agent, we find the best program for you.
Step three: apply now! We make it easy
Once you have made an offer and the sellers have accepted, it's time to complete the loan application. It's very easy, and you can apply online, right here on our website. Finally, we will order an appraisal of your new home.
Step four: your loan is funded
Your REALTOR® and the seller's will work together to decide on a title company to take care of the funding of your loan once it's approved. We'll work with this company to make sure all the papers your lender will need are avaiailable, and you will probably}likely sign everything at this company's officeWe work with with this company on your date of closing. Since you won't have to coordinate this process, you can think about moving, painting, new carpet, and all the details of moving into a new home.
You've answered some few questions, given us lots of information, applied online, and the next thing you know, you are moving in! Sky Apply Mortgage is a mortgage specialist; you're not — so take care of the details. Doesn't that sound nice?
Have questions about the loan process? Call Sky Apply Mortgage at (813) 200-7931. We answer questions about the loan process every day.