About the Loan Process
There's quite a lot involved in oder to get a mortgage. You wouldn't be researching mortgage loans if it were possible to get a mortgage loan in a single day by filling out a simple application. But Sky Apply Mortgage, Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four primary steps involved in obtaining a loan.
Step one: Decide how much you can afford
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 abount 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 quewstions. 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 step is where Sky Apply Mortgage, Inc will begin saving you money. You will supply information about your employment, assets, and residence history. You'll supply information on your employment, asset, and residence history. We pull your credit score and report. When we review all this info we provide a letter of pre-qualification. Handle it with care — it is a useful tool for buying your new home! Your agent will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're deciding on the home that's right for you, we're busy finding the loan program that's just right for your situation.
Step three: apply now! We make it easy
Once you've made an offer and the sellers have accepted, it's time to apply for the loan. Applying for a loan could not be much easier; you can apply from the comfort of your home right here on our site. After the offer has been accepted and you have applied for your loan, we'll order a professional appraisal on the home.
Step four: funding
Your REALTOR® and the seller's will work together to find an escrow/title company to handle the funding of your loan. We'll work with this company to make sure all the papers your lender will require are avaiailable, and you will probably}likely sign everything at their officeWe do all the work to coordinate with this company on your date to close. Since you won't have to coordinate this process, you get to concentrate on the move, paint colors, new carpet, and the details involved in getting your new home.
You've answered a few questions, provided lots of information, applied , and the next thing you know, you are moving in! Sky Apply Mortgage, Inc is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?
Have questions about the loan process? Call Sky Apply Mortgage, Inc at (813) 200-7931. It's our job to answer lending questions, so we're happy to help!