Stages in the loan Processing!!!

1-Pre-qualification.   

To buy a house you must know how much you can afford. This will help you to look for properties in within your range, and will provide a better position when negotiations with seller are happening. 

2-Loan Product

Find the best loan product that fits you.

There are many loan products available with different shapes and sizes. Selecting the loan product that will make more sense base on your financial situation and goals means comprehending the benefits of each one. 

3-Mortgage Loan Application.

Mortgage Loan Application. (This only happen after you have an executed contract with the seller.)

After having a contract accepted and signed by the seller, we will procced with the loan application.   

3-Mortgage Loan Application.

Mortgage Loan Application. (This only happen after you have an executed contract with the seller.)

After having a contract accepted and signed by the seller, we will procced with the loan application. 

4- Loan Processing Stage.

After your loan application has been received we will start the loan approval process rights away. The loan processor will verify all of the information you have given to us, if any discrepancies are found, either the processor or your loan officer (me) will revise and check all the information again.

The loan approval guidelines vary depending on the terms of each loan. In general, approval is based on two factors: your ability and willingness to repay the loan and the value of the property. 

5- Final Stage CLOSE YOUR LOAN!!!

After the loan is approved and ready to fund you must sign all the documents.  Prior to signing review all the documents and make sure that the interest rate and loan terms are what you were promised.

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