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

There can be little doubt that getting a mortgage is a complex process. You wouldn't be here on our site if you could complete a simple application and receive the best loan check cut the same 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.

There are four primary steps involved in obtaining a mortgage 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? What is the maximum you can borrow from a lender, given your income and credit history? 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: complete a pre-qualification

This is where the rubber meets the road and Secure Mortgage Company can really save you money. You will give us info on your current job, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We run your credit score and report. After we've finished reviewing the provided information, we'll provide you with a pre-qualificaiton letter. Handle it with care — 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. While you're shopping for the home that's right for you, we are looking for the loan that best fits your needs.

Step three: apply now! We make it easy

After you've signed an offer and the sellers accept it, it's time to apply for the loan. Applying for a loan couldn't get much easier; you can apply right here on our site. Finally, we'll order the appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will coordinate to decide on an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with this company to make sure the papers your lender will need are avaiailable, and you will probably}likely sign all these papers at this company's officeWe do all the work to work with with the title company on your closing date. Because you will not need to worry about these details, you can concentrate on moving, painting, new carpet, and all the details of getting your new home.

You've answered a few questions, provided lots of information, applied , and Before you know it, you're moving! Secure Mortgage Company is in the business of mortgage loans; you're not — so we take care of the details. Makes sense, doesn't it??

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