About the Mortgage Loan Process
There's quite a lot to do in oder to get a mortgage loan. You would not be looking up loan information if it were possible to get a loan in a single day by filling out a simple application. But Sky Apply Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four primary steps involved in getting a mortgage loan.
Step one: determine how much you can borrow
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? 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. 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: complete a pre-qualification
This is where the rubber meets the road and Sky Apply Mortgage can really save you money. You will supply info about your current job, assets, and your residence history. You'll give us information on your employment, asset, and residence history. We pull your credit score and report. We will review this information then will provide a pre-qualification letter. Your real estate agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. 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 made an offer and the sellers have accepted, you should complete the loan application. Applying for your loan couldn't be much easier; you can apply from the comfort of your home right here on our site. When the time is right, we'll order the appraisal of your new home.
Step four: funding
Your real estate agent and the seller's will work together to designate 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 needs are avaiailable, and you'll probably}likely sign all these papers at their officeWe do all the work to work with with the title company on your closing date. Since you will not need to worry with this coordination, you can concentrate on moving, paint colors, new carpet, and the fun parts of getting your new house.
You've answered a few questions, provided lots of information, applied online, and Before you know it, you're moving in! We do the mortgage legwork so you can focus on finding the new home that's right for you.
Have questions about the loan process? Call Sky Apply Mortgage at (813) 200-7931. It's our job to answer lending questions, so we're happy to help!