How the Loan Process Works

Make no mistake, there's quite a lot involved in oder to get a mortgage loan. You would not be looking up loan information if it were possible to get a mortgage loan in one day with a simple application. But Firelight Mortgage Consultants does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four primary steps involved in obtaining a mortgage loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. What kind of monthly payment are you looking for? 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 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. 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 Firelight Mortgage Consultants will begin saving you money. You will supply details about your current job, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We pull your credit score and report. When we review this info we will give you a pre-qualification letter. Your real estate agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're deciding on the home that's right for you, we're busy researching the loan program that's right for you.

Step three: apply now! We make it easy

After you've signed the offer and the sellers accept it, 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 offer has been accepted and you have submitted your loan application, we'll order a professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will coordinate to designate a title company to take care of the funding of your loan. We'll coordinate with this company to ensure the papers your lender requires are in order, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with this company on your date of closing. Because you will not need to worry with this coordination, you get to think about the move, if you're going to repaint, carpet, and all the details of moving into a new home.

You've answered a few questions, given us detailed information, applied online, and before you know it, you are moving in! Firelight Mortgage Consultants is a mortgage specialist; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Firelight Mortgage Consultants at 3032282254. We answer questions about the loan process every day.

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Firelight Mortgage Consultants

Company NMLS#: 381658

7887 East Belleview Ave Ste 1100
Englewood, CO 80111