The Four Steps of the Mortgage Loan Process:The Loan Process: Four Steps

Make no mistake, there's a lot to do in oder to get a mortgage. You wouldn't be here on our website if it were possible to fill out a one-page loan app and get a great loan check cut the same day. But Carter Financial Solutions does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major milestones.

Step one: determine how much you can borrow

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? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 Carter Financial Solutions can start saving you money. You will supply details on your employment, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We get your permission to run your credit score and report. After we've finished reviewing your information, we'll give you a pre-qualificaiton letter. Your agent should use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're looking for a new home 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, it's time to complete the loan application. It's very easy, and you can do it online, right here on our website. At the end of this step, we will order the appraisal of your new home.

Step four: your loan is funded

Your REALTOR® and the seller's will coordinate to decide on a title company to take care of the funding of your loan. We'll coordinate with this company to ensure the papers your lender needs are in order, and you'll probably}likely sign everything at this company's officeWe work with with the title company to set your closing date. Because you will not have to coordinate this process, you get to think about moving logistics, painting, carpet, and all the details of moving into your new home.

You've answered a few questions, provided detailed information, applied online, and Before you know it, you'll be moving in! Carter Financial Solutions is in the business of loans; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Carter Financial Solutions at 8668408745. Carter Financial Solutions answers loan process questions every day.

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Carter Financial Solutions

2291 W. March Ln Suite A100
Stockton, CA 95207