The Loan Process: an Overview
Are you looking for a mortgage loan? We'd be thrilled to talk about our mortgage offerings! Call us at 719-638-0531. Want to get started? Apply Here.
There is no question that getting a mortgage is a complex process. You wouldn't be looking up loan information if you could get a loan in a single day by filling out a simple application. But Integrity Mortgage & Financial Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four important steps involved in getting a mortgage loan.
A couple of factors determine this amount. 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. And we can guide you to the right loan amount and best program for you when you answer a few questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
This is where the rubber meets the road and Integrity Mortgage & Financial Inc. can really save you money. You will provide information about your current job, assets, and residence history. You'll give us your employment, asset, and residence history information. We will get your credit report and
score (only after you give your permission, of course). After we have reviewed this information we will give you a pre-qualification letter. Your real estate agent should use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're shopping for your new home, we're busy researching the loan program that's just right for you.
Once you have made the offer and the sellers have accepted, you should complete the loan application. It's very easy, and you can apply online. right here on our site. After the offer has been accepted and you have applied for your loan, we'll order a professional appraisal on the home.
The agents will find a title company to handle the "funding" and closing of the sale. We'll work with this company to ensure all the papers your lender needs are in order, and you will probably>likely sign everything at this company's officeWe work with with the title company on your date to close. Since you won't need to worry about these details, you get to think about the move, if you're going to repaint, carpet, and all the details of getting your new home.
You've answered a few questions, given us detailed information, applied online, and Before you know it, you'll be moving in! We take care of all the loan details so you can spend your time finding the new home that's right for you.