About the Mortgage Loan Process
There is little doubt that getting a mortgage loan is a complicated process. You would not be researching mortgage loans if it were possible to get a mortgage loan in one day by filling out a simple application. But Milestone Mortgage, Inc. NMLS#136714 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a home loan involves four major steps.
Step one: Decide how much you can afford
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? 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. 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 Milestone Mortgage, Inc. NMLS#136714 will begin saving you money. You will give us details on your employment, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We pull your credit score and report. We will go over this info and will provide a letter of pre-qualification. Your real estate agent will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for your new house with your real estate agent, we find the best program for you.
Step three: apply now! We make it easy
Once you have made the offer and it's been accepted, you should complete the loan application. Applying for a loan could not be much easier; you can apply from the comfort of your home right here on our site. After the offer has been accepted and you have submitted your loan application, we'll order the professional appraisal on the home.
Step four: funding
Your real estate agent and the seller's will coordinate to find a title company to handle the funding of your loan once it has been approved. We'll work with this company to ensure the papers your lender requires are in order, and you will probably}likely sign all these papers at this company's officeWe do all the work to coordinate with this company to set your date of closing. Since you don't need to coordinate this process, you get to concentrate on the move, paint colors, new carpet, and all the details of moving into your new home.
You've answered some few questions, provided detailed information, applied , and Before you know it, you'll be moving! Milestone Mortgage, Inc. NMLS#136714 is in the business of loans; you're not — so we do the work. Doesn't that sound nice?
Have questions about the loan process? Call Milestone Mortgage, Inc. NMLS#136714 at 3175959600. We answer questions about the loan process every day.