About the Mortgage Loan Process
There's quite a lot involved when you get a mortgage loan. You wouldn't be here on our website if you could fill out a one-page loan app and receive an excellent loan funded 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 milestones.
Step one: Decide how much you can afford
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. We'll also help you through different scenarios by asking a few simple questions. 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 step is where Sky Apply Mortgage, Inc can start to save you money. You will provide details about your current job, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We pull your credit score and report. After we've finished reviewing this information, we'll provide you with a pre-qualificaiton letter. Your REALTOR® will use the pre-qual (as they may call it) to make the best offer on the home you choose. 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 unique situation.
Once you have made the offer and the sellers accept it, you should apply for the loan. Applying for your loan couldn't get much easier; you can apply from the comfort of your home 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 work together to designate a title company to handle the funding of your loan. We'll coordinate with this company to ensure all the papers your lender needs are in order, and you will probably}likely sign everything at this company's officeWe work with with the title company to set your date to close. Because you don't have to worry about these details, you get to think about moving logistics, if you're going to repaint, carpet, and the details involved in getting a new house.
You've answered some few questions, given us lots of information, applied , and before you know it, you are moving in! Sky Apply Mortgage, Inc is a mortgage specialist; you're not — so we do the work. Makes sense, doesn't it??
Have questions about the loan process? Call Sky Apply Mortgage, Inc at (813) 200-7931. We answer questions about the loan process every day.