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with our secure online form. no obligations. |
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| Step
1: Qualifying
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| Before you start shopping for
your dream home, it's a good idea to determine how much you
can afford to borrow. Many borrowers choose to pre-qualify for
a loan amount even before they find a property, so that they
don't waste time looking at homes that they cannot afford. Our
online secure form process takes just seconds to complete. The
lender that you choose can provide you with an instant pre-approval
letter that can be used for negotiating with real estate agents
and sellers. You can also call our qualified loan specialists
for personalized service, or check out our calculators for help
determining how much you can afford to borrow. |
Step
2: Finding and Securing the Right Property
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| Once you know how much you can
afford, you're ready to find a property. When searching for
a house, we suggest that you consult a professional real estate
agent. We also recommend that you make a list of those factors
that are important to you - i.e. location, number of rooms,
size of rooms, proximity to your job, the quality of the school
district - and then rank those items in order of importance.
If you're considering an out-of-state relocation, you may also
want to research "hidden" cost-of-living increases,
such as utility prices, car insurance rates and property taxes.
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Step
3: Applying for a Loan
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| Our online application is a quick,
easy and safe way to start the loan process. You'll need to
answer a few questions about yourself and the property you are
interested in buying, as well as some basic questions about
your employment and finances. Once we receive your completed
form, you will receieve up to four offers for your loan. Choose
the offer you want. Begin your loan process. |
Step
4: Selecting a Loan Program
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| There are a number of factors
to consider when determining which loan program is best for
you: the relationship between interest rates and points, the
length of time you plan to stay in the home, your financial
status, credit history and the list goes on. The good news is
that you don't have to figure all this out on your own. Our
leading lender's are experienced and trained to ask the right
questions and help you evaluate these factors. They will work
with you to select the right loan product for your needs and
help you decide whether to lock or float your rate until closing.
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| Step
5: Loan Processing |
| The lender you choose will send
you a package of documents in duplicate that will provide you
with information about the loan for which you have applied,
along with a list of documents required for your application
to be complete. You will then sign the documents in the package
and return our copies along with any additional documentation
that has been requested. |
Step
6: Approval and Clearing to Close
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| This is the "home" stretch!
Once your documentation has been reviewed and approved, you
will be issued a mortgage commitment letter. The lender's closing
department will review certain legal documents, such as an appraisal
and title report for your new home, and you will be ready to
close. Your lender will contact you and/or your attorney to
schedule a closing date. |
| Step
7: Closing |
| The closing is the most crucial
step in the mortgage process, because legal documents are signed
and substantial amounts of money exchange hands. It is also
the most exciting step, because it is the only thing standing
between you and your new home. The closing is held at one of
our approved settlement agent offices, usually a title company
or attorney's office near your home.
Buying a home can be a painless process if you are prepared.
Play it smart, work with a reputable lender and ask the advice
of that lender whenever you are in doubt.
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