The Loan Mortgage Process: Four Steps

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There is little doubt that getting a mortgage loan is a complicated process. You wouldn't be researching mortgage loans if you could get a mortgage loan in a single day by filling out 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.

Getting a 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? 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 amount 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 step is where HENRY MUNOZ LOAN OFFICER & SOUTH BAY EQUITY LENDING can begin saving you money. You will supply details on your employment, assets, and residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (with your permission. After we've finished reviewing this information, we'll provide you with a pre-qualification letter. Handle it with care — it is a great tool for buying your new home! Your REALTOR® will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for a new home with your REALTOR™, we find the best program for you.

Step three: apply for your loan

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

Step four: funding

The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to ensure the papers your lender will require are in order, and you will likely sign everything at their office. We will coordinate with this company on your date of closing. Because you don't have to worry with this coordination, you get to concentrate on moving logistics, painting, carpet, and the details involved in getting your new home.

Once you've answered a few questions, provided detailed information, and applied online, you'll be moving in before you know it! HENRY MUNOZ LOAN OFFICER & SOUTH BAY EQUITY LENDING is in the business of loans; you're not — so let the experts do the work. Doesn't that sound nice?

Have questions about the loan process? Call HENRY MUNOZ LOAN OFFICER & SOUTH BAY EQUITY LENDING at 3105133942. It's our job to answer lending questions, so we're happy to help!

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