The Four Steps of the Mortgage Loan Process:The Loan Process: Four Steps

No doubt, quite a lot involved in oder to get a mortgage. You wouldn't be here on our website if it were possible to complete a simple loan application and get a great loan check cut the same day. But Secure Mortgage Company does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major steps.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? 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. 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: pre-qualify for your loan

This is where the rubber meets the road and Secure Mortgage Company can really save you money. You will give us details on your current job, assets, and residence history. You'll give us your employment, asset, and residence history information. We will pull get your credit report and score (with your permission. After we've finished reviewing the provided information, we'll provide a pre-qualificaiton letter. Your agent should use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for the home that's right for you, we are researching the best loan for you.

Step three: apply now! We make it easy

Once you have made the offer and the sellers have accepted, it's time to apply for the loan. It couldn't be easier, and you can do it online, right here on our site. At the end of this step, we will order the appraisal of your new home.

Step four: your loan is funded

Your REALTOR® and the seller's will coordinate to designate a title company to handle the funding of your loan. We'll work with this company to make sure the papers your lender will require are avaiailable, and you'll probably}likely sign all these papers at this company's officeWe coordinate with the title company on your date to close. Because you will not have to worry about these details, you can think about moving, if you're going to repaint, carpet, and the details involved in moving into a new house.

You've answered a few questions, given us detailed information, applied , and the next thing you know, you are moving in! We take care of the loan details so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call Secure Mortgage Company at (713) 667-5472. We answer questions about the loan process every day.