An Overview of the Loan Process
There's no doubt ; getting a mortgage is a complex process. You wouldn't be researching mortgage loans if it were possible to get a mortgage loan in a single day by filling out a simple application. But Carter Financial Solutions does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a loan involves four major milestones.
Step one: determine how much you can borrow
A couple of factors determine this amount. 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. 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 Carter Financial Solutions can start saving you money. You will supply information about your current job, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. We'll review this information and will give you a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're looking for your new house with your agent, we find the best program for you.
Step three: apply now! We make it easy
Once you have made an offer and the sellers have accepted, it's time to apply for the loan. Applying for a loan could not be much easier; you can apply online right here on our site. At the end of this step, we'll order the appraisal of your new home.
Step four: funding
The agents will find a title company to handle the "funding" and closing. We'll work with this company to make sure all the papers your lender requires are in order, and you'll probably}likely sign everything at their officeWe do all the work to work with with this company to set your date to close. Because you won't have to coordinate this process, you can concentrate on the move, paint colors, new carpet, and the fun parts of getting your new home.
You've answered some few questions, given us detailed information, applied online, and the next thing you know, you are deciding when to move in! Carter Financial Solutions is a mortgage specialist; you're not — so take care of the details. Doesn't that sound nice?
Have questions about the loan process? Call Carter Financial Solutions at 866-840-8745 x2. It's our job to answer lending questions, so we're happy to help!