The Four Steps of the Loan Process:The Loan Mortgage Process: Four Steps
There's quite a lot to do in oder to get a mortgage loan. You wouldn't be researching mortgage loans if you could get a mortgage loan in one day with a simple application. 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.
There are four important steps involved in obtaining a loan.
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: pre-qualify for your loan
This is where AFI Mortgage Company can begin saving you money. You will provide info on your employment, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We pull your credit score and report. After we've reviewed your information, we'll provide you with a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're looking for your new house with your agent, we find the best program for you.
Step three: apply now! We make it easy
Once you have signed the offer and the sellers accept it, it's time to apply for the loan. It couldn't be easier, and you can apply online, right here on our site. Finally, we'll order an appraisal of your new home.
Step four: your loan is funded
The agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll coordinate with this company to make sure the papers your lender needs are avaiailable, and you'll probably}likely sign everything at their officeWe coordinate with the title company on your date to close. Because you don't have to worry with this coordination, you can think about the move, paint colors, new carpet, and the fun parts of getting your new house.
You've answered some few questions, given us lots of information, applied online, and Before you know it, you're moving! AFI Mortgage Company 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 AFI Mortgage Company at (337) 494-5626. AFI Mortgage Company answers loan process questions every day.