About the Loan Process
No doubt, quite a lot to do when you get a mortgage loan. You wouldn't be visiting our site if you could complete a one-page application and get an excellent loan check cut in one 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.
Getting a mortgage loan involves four major milestones.
Step one: Decide how much you can afford
This is a function of a couple things. 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 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 the rubber meets the road and Affinity Mortgage Brokers can really save you money. You will give us info on your employment, your assets, and your 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 a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for a new house with your agent, we find the best program for you.
Once you've made an offer and it's been accepted, you should complete the loan application. Applying for your loan could not get much easier; you can apply right here on our site. After the offer has been accepted and you have submitted your loan application, we'll order the professional appraisal on the home.
Step four: your loan is funded
The agents will find a title company to handle the "funding" and closing. We'll work with this company to make sure the papers your lender requires are in order, and you'll probably}likely sign everything at their officeWe coordinate with this company on your date of closing. Since you won't need to worry with this coordination, you get to concentrate on the move, paint colors, new carpet, and the fun parts of moving into a new home.
You've answered a few questions, given us detailed information, applied , and Before you know it, you're moving! We take care of the loan details so you can focus on finding your new home.
Have questions about the loan process? Call Affinity Mortgage Brokers at 719-425-2226. It's our job to answer lending questions, so we're happy to help!