Our mortgage loan brokers do all of the difficult work for you — shopping around, researching the best option for you, making sure you get approved for your California or out of state home loan. This allows you to focus on the critical tasks that only you can handle – preparing for your new purchase or concentrating on your job or work, saving money, or planning for the cash you’ll receive after refinancing.
There are four key pieces to the mortgage puzzle. We have developed a system to make your hand in those pieces absolutely as easy as humanly possible. Essentially we do all the work that’s ordinarily done by clients.
Step One: Find out how much can be borrowed
|This is depends on several factors. What monthly payment is affordable? Your credit rating, employment, debt, income, how long you intend to own the property, and the value of the underlying property. The first questions can be answered, in part, by using a mortgage calculator. These are found in abundance all over the internet. When you give us a call, we will walk you through a mortgage calculation and ask a few easy questions. Based on your expectations and needs we’ll give you a few loan programs and options that are most beneficial to you based on the most current mortgage rates.|
Step Two: We pre-qualify / pre-approve you
|This will give you a huge head start in the home buying process. You give us details about your employment, assets you own (such as checking account, retirement fund, etc.), where you’ve lived, etc. We can run your credit and determine the best documentation type for your situation. When we review all the info we give you a Pre-Qualification Letter, or Pre-Approval Letter depending on the circumstances. Take care of that letter! To someone selling a property, it’s very valuable to know you have it! Your real estate agent will use your Pre-Qualification to make the best offer on the home you choose, and the seller knows you’re pre-qualified. It gives you buying clout! And while you’re picking out the home that’s right for you, we’re busy finding the loan that’s right for you.|
Step Three: Application time. We make it easy
|Once you’ve made an offer and it’s been accepted, it’s time to complete the loan application. It couldn’t be easier. When the time is right, we’ll order an appraisal of your new home or current home (in the case of a refinance).|
Step Four: Your loan is funded
|Escrow and title company handle the funding of your mortgage loan or refinance. We’ll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you’ll sign everything at the escrow/title company’s office.|
A list of the documents needed for the mortgage process and the steps to mortgage approval can found here:
Steps to Mortgage Approval