The Loan Process: an Overview

Make no mistake, there's quite a lot involved when you get a mortgage. You wouldn't be here on our site if you could complete a simple application and get an excellent loan funded in one day. But Secure Mortgage Company does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in getting a mortgage loan.

Step one: Decide how much you can afford

This is a function of a couple things. 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: complete a pre-qualification

This is where the rubber meets the road and you save the most money. You will supply info on your current job, assets, and residence history. You'll give us your employment, asset, and residence history information. We will get your credit report and score (with your permission. We'll review this info and give you a letter of pre-qualification. Handle it with care — it is a useful 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 looking for a 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 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 website. After the seller has accepted your offer and you have submitted your loan application, we'll order a professional appraisal on the home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to make sure the papers your lender needs are avaiailable, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with this company on your closing date. Because you don't have to worry about these details, you get to think about the move, if you're going to repaint, carpet, and the fun parts of moving into your new home.

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

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