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

There can be no question that getting a mortgage is a complex process. You would not be researching mortgage loans if it were possible to get a loan in a single day with a simple application. 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 obtaining a loan.

Step one: Decide on your maximum loan amount

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. 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: pre-qualify for your loan

This is where the rubber meets the road and you save the most money. You will provide information on your employment, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We will pull get your credit report and score (with your permission, of course). When we review this information we provide a letter of pre-qualification. Handle it with care — it is a useful tool when you make your offer! 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 a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

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

Step four: funding

Your real estate agent and the seller's will coordinate to find a title company to take care of the funding of your loan once it has been approved. We'll work with this company to ensure all the papers your lender will require are in order, and you will probably}likely sign everything at this company's officeWe coordinate with this company to set your date to close. Since you don't need to worry about these details, you get to concentrate on moving, if you're going to repaint, new carpet, and the details involved in getting your new house.

You've answered some few questions, given us lots of information, applied , and before you know it, you're deciding when to move in! Carter Financial Solutions is in the business of mortgage loans; 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 8668408745. It's our job to answer lending questions, so we're happy to help!

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Carter Financial Solutions

2291 W. March Ln Suite A100
Stockton, CA 95207