Getting a mortgage loan involves four major steps.
Step one: Decide on your maximum loan amount
A couple of factors determine this amount. 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? Use the calculators on our website to determine your monthly payment amount. We’ll also help you through different scenarios by asking a few simple questions. 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: complete a pre-qualification
This is where Baseline Mortgage, LLC can begin saving you money. You will supply details about your employment, assets, and residence history. You’ll provide 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’ve finished reviewing your information, we’ll provide a pre-qualification letter. Handle it with care — it can be a useful tool for buying your new home! Your agent should use the pre-qual (as they may call it) in order 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 home with your agent, we find the best program for you.
Step three: apply now! We make it easy
Once you’ve 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 an appraisal of your new home.
Step four: your loan is funded
The real estate agents will find a title company to handle the “funding” and closing of the sale. We’ll coordinate with this company to make sure all the papers your lender will need are available, and you’ll probably}likely sign everything at this company’s officeWe do all the work to coordinate with the title company on your closing date. Because you don’t need to worry about these details, you can think about moving logistics, if you’re going to repaint, carpet, and the fun parts of moving into your new home.
You’ve answered some few questions, provided lots of information, applied online, and Before you know it, you’ll be moving! We take care of the legwork so you can focus on finding the new home that’s right for you.