The Loan Process: an Overview

No doubt, a lot involved in oder to get a mortgage. You wouldn't be here on our site if you could complete a simple loan app and get an excellent loan check cut in one day. 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.

Getting a mortgage loan involves four major steps.

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. 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: complete a pre-qualification

This is where the process really begins and Sky Apply Mortgage, Inc can really save you money. You will give us details about your current job, your assets, and your residence history. You'll supply information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission, of course). After we've finished reviewing this information, we'll provide a pre-qualificaiton letter. 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 a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you have signed the 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 online right here on our site. Finally, we'll order an appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will coordinate to find a title company to handle the funding of your loan once it has been approved. We'll work with this company to make sure the papers your lender needs are avaiailable, and you will probably}likely sign everything at their officeWe coordinate with the title company on your closing date. Because you don't need to worry with this coordination, you get to think about the move, if you're going to repaint, carpet, and the fun parts of moving into your new home.

You've answered some few questions, given us lots of information, applied , and Before you know it, you'll be moving in! Sky Apply Mortgage, Inc is a mortgage specialist; you're not — so we take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call Sky Apply Mortgage, Inc at 8132007931. It's our job to answer lending questions, so we're happy to help!