About the Loan Process
No doubt, quite a lot to do in oder to get a mortgage. You wouldn't be researching mortgage loans if it were possible to get a loan in a single 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 main steps involved in obtaining a loan.
Step one: Decide how much you can afford
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. 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 step is where Firelight Mortgage Consultants can begin saving you money. You will give us info on your employment, assets, and residence history. You'll give us your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission, of course). We will go over this information then provide a pre-qualification letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're deciding on the home that's right for you, we are finding the best loan program for you.
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 right here on our site. Finally, we will order the appraisal of your new home.
Step four: funding
Your REALTOR® and the seller's will coordinate to find an escrow/title company to handle the funding of your loan once it has been approved. We'll coordinate with this company to ensure all the papers your lender needs are avaiailable, and you'll probably}likely sign all these papers at their officeWe do all the work to coordinate with this company on your closing date. Because you will not need to worry about these details, you get to concentrate on moving logistics, painting, new carpet, and all the details of getting a new house.
You've answered a few questions, given us lots of information, applied online, and the next thing you know, you are moving in! Firelight Mortgage Consultants is a mortgage specialist; you're not — so we do the work. Doesn't that make sense?
Have questions about the loan process? Call Firelight Mortgage Consultants at 3032282254. Firelight Mortgage Consultants answers loan process questions every day.