An Overview of the Loan Process

There can be little doubt that getting a mortgage loan is a complicated process. You wouldn't be visiting our site if you could fill out a one-page loan app and get an excellent loan funded the same day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a home loan involves four major milestones.

Step one: Decide how much you can afford

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? You can get a good idea of your preferred payment abount using the calculators on our website. 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: complete a pre-qualification

This is where Mortgage Headquarters of Missouri, Inc will start to save you money. You will provide info about your current job, your assets, and residence history. You'll supply information on your employment, asset, and residence history. We run your credit score and report. We will go over all this information and will provide a letter of pre-qualification. Your agent will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out your new home, we are finding the loan that best fits your needs.

Step three: apply now! We make it easy

After you've made an offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can do it online, right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" of the loan and closing. We'll work with this company to make sure the papers your lender will require are in order, and you'll probably}likely sign all these papers at this company's officeWe coordinate with the title company on your date to close. Because you will not need to worry about these details, you get to think about moving logistics, if you're going to repaint, new carpet, and the fun parts of moving into a new house.

You've answered some few questions, given us detailed information, applied online, and before you know it, you're deciding when to move in! Mortgage Headquarters of Missouri, Inc 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 Mortgage Headquarters of Missouri, Inc at 5733029990. It's our job to answer lending questions, so we're happy to help!