The Mortgage Loan Process: an Overview
In the market for a mortgage? We can help! Give us a call today at 4089971151. Want to get started? Apply Now
No doubt, a lot involved in order to get a mortgage. You wouldn't be here on our website if it were possible to fill out a simple loan app and receive a great loan funded in one day. But Diamante Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a loan involves four major steps.
Step one: Decide on your maximum loan amount
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. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: complete a pre-qualification
This is where the rubber meets the road and Diamante Mortgage can really save you money. You will provide info on your current job, assets, and residence history. You'll give us information on your employment, asset, and residence history. We run your credit score and report. After we've finished reviewing your information, we'll give you a pre-qualification letter. Your real estate agent will use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a new house with your REALTOR™, we find the best program for you.
Step three: apply now! We make it easy
Once you've made an offer and it's been accepted, you should complete the loan application. Applying for a loan couldn't be much easier; you can apply any time right here on our site. At the end of this step, we'll order the appraisal of your new home.
Step four: your loan is funded
Your REALTOR® and the seller's will coordinate to designate a title company to handle the funding of your loan once it's approved. We'll coordinate with this company to make sure all the papers your lender requires are available, and you will probably}likely sign all these papers at their officeWe coordinate with this company on your date of closing. Since you don't need to worry with this coordination, you can think about moving, painting, carpet, and the details involved in getting your new home.
You've answered some few questions, provided lots of information, applied , and Before you know it, you're moving! We take care of the mortgage legwork so you can focus on finding your new home.
Have questions about the loan process? Call Diamante Mortgage at 4089971151. Diamante Mortgage answers loan process questions every day.
age answers loan process questions every day.