An Overview of the Loan Process

There's quite a lot to do in oder to get a mortgage loan. You wouldn't be looking up loan information if it were possible to get a loan in one day with a simple application. But Homewithloan.com does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major steps.

Step one: Decide on your maximum loan amount

This is a function of a couple things. 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. 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 Homewithloan.com can really save you money. You will supply information about your current job, your assets, and residence history. You'll provide your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we have reviewed this info we provide a letter of pre-qualification. 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 picking out the home that's right for you, we're busy researching the loan program that's just right for your unique situation.

Step three: apply now! We make it easy

Once you have made an offer and the sellers have accepted, it's time to complete the loan application. It's very easy, and you can apply online, right here on our website. At the end of this step, we will order an appraisal of your new home.

Step four: funding

The real estate agents will find a title company to handle the "funding" and closing. We'll work with this company to ensure the papers your lender will need are avaiailable, and you will probably}likely sign everything at their officeWe do all the work to work with with this company on your date of closing. Since you won't have to coordinate this process, you can think about moving logistics, painting, carpet, and the fun parts of moving into your new house.

You've answered some few questions, given us detailed information, applied online, and Before you know it, you're moving! Homewithloan.com is in the business of mortgage loans; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call Homewithloan.com at 9727982110. It's our job to answer lending questions, so we're happy to help!


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Homewithloan.com

4815 State Hwy 121 Suite 2
The Colony, TX 75056