The Four Steps of the Loan Process:The Loan Mortgage Process: Four Steps

There's no doubt that getting a mortgage loan is a complicated process. You wouldn't be visiting our site if you could complete a one-page mortgage application and get an excellent loan check cut the same day. But Mortgage Headquarters of Missouri, Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in obtaining a mortgage loan.

Step one: Decide on your maximum loan amount

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. 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 the rubber meets the road and Mortgage Headquarters of Missouri, Inc can really save you money. You will give us details on your employment, assets, and residence history. You'll give us your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we've finished reviewing your information, we'll provide a pre-qualificaiton letter. With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for the home that's right for you, we're busy finding the loan program that's just right for your situation.

Step three: apply now! We make it easy

Once you have made the offer and the sellers have accepted, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply from the comfort of your home right here on our site. At the end of this step, we'll order the appraisal of your new home.

Step four: funding

Your real estate agent and the seller's will coordinate to decide on a title company to handle the funding of your loan once it's approved. We'll work with this company to make sure the papers your lender requires are in order, and you will probably}likely sign everything at this company's officeWe coordinate with this company on your closing date. Since you don't need to worry with this coordination, you get to concentrate on moving logistics, paint colors, new carpet, and all the details of getting a new house.

You've answered some few questions, provided detailed information, applied online, and Before you know it, you're moving in! We take care of the mortgage legwork so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call Mortgage Headquarters of Missouri, Inc at 5733029990. Mortgage Headquarters of Missouri, Inc answers loan process questions every day.