The Loan Process: an Overview

No doubt, quite a lot to do in oder to get a mortgage loan. You would not be researching mortgage loans if it were possible to get a loan in one day with a simple application. 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 important steps involved in getting a loan.

Step one: Decide on your maximum loan amount

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? 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: pre-qualify for your loan

This is where Chattahoochee Residential Mortgage, LLC can start to save you money. You will supply details about your employment, your assets, and your residence history. You'll supply information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we have gone over all this information we will provide a letter of pre-qualification. Be careful with this letter — it can be a useful tool when you make your offer! Your REALTOR® will use the pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're picking out 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

Once you've made the offer and the sellers have accepted, it's time to apply for the loan. Applying for your loan could not get much easier; you can apply from the comfort of your home right here on our site. At the end of this step, we will order the appraisal of your new home.

Step four: funding

The real estate agents will find a title company to handle the "funding" of the loan and closing. We'll coordinate with this company to make sure all the papers your lender requires are avaiailable, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with the title company to set your date to close. Since you will not need to coordinate this process, you can concentrate on the move, if you're going to repaint, carpet, and all the details of getting your new home.

You've answered a few questions, provided detailed information, applied , and Before you know it, you'll be moving! Chattahoochee Residential Mortgage, LLC is in the business of loans; you're not — so take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call Chattahoochee Residential Mortgage, LLC at 4702755627. We answer questions about the loan process every day.