About the Mortgage Loan Process

Make no mistake, there's a lot involved when you get a mortgage. You wouldn't be visiting our website if it were possible to complete a simple loan app and get an excellent loan funded the same day. But REDDISH BULL FINANCE, INC. | NMLS #1247892 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major milestones.

Step one: Decide how much you can afford

This is a function of a couple things. 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. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This is where REDDISH BULL FINANCE, INC. | NMLS #1247892 can begin to save you money. You will provide information about your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission. When we review all this info we will provide a letter of pre-qualification. Your real estate agent should use the pre-qual (as they may call it) 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 house with your REALTOR™, we find the best program for you.

Step three: apply for your loan

After you've made an offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't be much easier; you can apply right here on our site. After the offer has been accepted and you have applied for your loan, we will order the professional appraisal on the home.

Step four: your loan is funded

Your REALTOR® and the seller's will work together to decide on an escrow/title company to handle the funding of your loan once it has been approved. We'll work with this company to make sure all the papers your lender needs are avaiailable, and you will probably}likely sign all these papers at their officeWe do all the work to coordinate with the title company to set your closing date. Because you won't have to worry with this coordination, you get to concentrate on moving logistics, painting, carpet, and the details involved in moving into your new house.

You've answered a few questions, provided detailed information, applied online, and the next thing you know, you are deciding when to move in! REDDISH BULL FINANCE, INC. | NMLS #1247892 is a mortgage specialist; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call REDDISH BULL FINANCE, INC. | NMLS #1247892 at 561-475-2281. We answer questions about the loan process every day.