About the Loan Process
There can be little question ; getting a mortgage loan is a complicated process. You wouldn't be looking up loan information if you could get a loan in one day by filling out a simple application. But Price Mortgage Group LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a loan involves four major steps.
Step one: determine how much you can borrow
A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? 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 quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step two: pre-qualify for your loan
This is where the process really begins and Price Mortgage Group LLC can really save you money. You will give us info on your current job, assets, and your residence history. You'll supply your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we've finished reviewing the provided information, we'll give you a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're picking out the home that's right for you, we're busy finding the loan program that's just right for you.
Step three: apply now! We make it easy
Once you've made the offer and it's been accepted, it's time to apply for the loan. Applying for your loan could not get much easier; you can apply online right here on our site. Finally, we'll order an appraisal of your new home.
Step four: your loan is funded
Your real estate agent and the seller's will work together to designate an escrow/title company to handle the funding of your loan once it's approved. We'll work with this company to ensure the papers your lender will require are avaiailable, and you will probably}likely sign all these papers at their 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 moving logistics, paint colors, carpet, and the details involved in getting a new house.
You've answered some few questions, given us lots of information, applied , and Before you know it, you're moving in! Price Mortgage Group LLC is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?
Have questions about the loan process? Call Price Mortgage Group LLC at 405-513-7700. We answer questions about the loan process every day.