How the Loan Process Works
No doubt, quite a lot to do when you get a mortgage. You wouldn't be here on our site if you could fill out a one-page mortgage application and receive a great loan funded the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
Step One: Decide on your maximum loan amount
This is a function of a couple things. 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? You can get a good idea of your preferred payment amount using the calculators on our website. 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 process really begins and Agape Mortgages Inc can really save you money. You will give us info about your current job, assets, and your residence history. You'll supply your employment, asset, and residence history information. We run your credit score and report. We'll go over this information and provide a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for a new house with your Realtor®, we find the best program for you.
Once you have made an offer and the sellers accept it, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply online right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order the professional appraisal on the home.
Step Four: Funding
Your real estate agent and the sellers will coordinate to find a title company to take care of the funding of your loan. We'll coordinate with this company to make sure the papers your lender will require are available, and you'll probably sign all these papers at this company's office. We will coordinate with this company on your date of closing. Since you don't need to worry about these details, you can think about moving, if you're going to repaint, carpet, and all the details of getting your new house.
After you have answered a few questions, given us lots of information, and applied online, you'll be ready to move sooner than you think! Agape Mortgages Inc is a mortgage specialist; you're not — so we do the work. Makes sense, doesn't it?