The Loan Process: an Overview

There's little doubt that getting a mortgage loan is a complex process. You wouldn't be visiting our site if you could fill out a one-page loan app and receive the best loan funded 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.

There are four primary steps involved in getting a loan.

Step one: determine how much you can borrow

This is a function of a couple things. What kind of monthly payment are you looking for? 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: complete a pre-qualification

This step is where Amcap Premier Mortgage Ltd. can start saving you money. You will supply information on your current job, assets, and residence history. You'll provide your employment, asset, and residence history information. We run your credit score and report. After we've finished reviewing your information, we'll provide a pre-qualificaiton letter. Be careful with this letter — it is a useful tool for buying your new home! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're picking out the home that's right for you, we're busy researching the loan program that's just right for you.

Step three: apply for your loan

Once you have made an offer and it's been accepted, it's time to apply for the loan. It couldn't be easier, and you can apply online, right here on our website. After the seller has accepted your offer and you have applied for your loan, we'll order the professional appraisal on the home.

Step four: funding

The agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to make sure all the papers your lender requires are in order, and you will probably}likely sign everything at their officeWe work with with this company to set your date to close. Because you will not need to worry with this coordination, you can think about the move, paint colors, carpet, and the fun parts of moving into a new house.

You've answered some few questions, provided lots of information, applied , and Before you know it, you're moving in! Amcap Premier Mortgage Ltd. is in the business of loans; you're not — so we do the work. Doesn't that make sense?

Have questions about the loan process? Call Amcap Premier Mortgage Ltd. at 281-797-0903. It's our job to answer lending questions, so we're happy to help!

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