The Mortgage Loan Process: an Overview

There can be no doubt ; getting a mortgage is a complicated process. You wouldn't be here on our website if it were possible to fill out a simple loan app and receive a great loan check cut in one 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: determine how much you can borrow

A couple of factors determine this amount. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. 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: pre-qualify for your loan

This is where the process really begins and Secure Mortgage Company can really save you money. You will give us details on your current job, assets, and residence history. You'll supply your employment, asset, and residence history information. We pull your credit score and report. After we've reviewed your information, we'll give you a pre-qualificaiton letter. Be careful with this letter — it can be a great tool for buying your new home! 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 shopping for your new house with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

After you've signed an offer and the sellers have accepted, you should apply for the loan. It couldn't be easier, and you can apply online, right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order the professional appraisal on the home.

Step four: your loan is funded

Your REALTOR® and the seller's will work together to designate a title company to take care of the funding of your loan once it has been approved. We'll work with this company to make sure all the papers your lender will require are in order, and you will probably}likely sign everything at their officeWe do all the work to coordinate with the title company to set your closing date. Because you won't need to worry with this coordination, you get to concentrate on the move, painting, new carpet, and the details involved in moving into a new house.

You've answered some few questions, provided lots of information, applied , and Before you know it, you're moving! We take care of the legwork so you can focus on finding your new home.

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