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

There can be little doubt ; getting a mortgage loan is a complicated process. You wouldn't be visiting our website if it were possible to fill out a simple loan app and receive the best loan check cut 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 home loan involves four major steps.

Step one: Decide how much you can afford

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 abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. 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 step is where REDDISH BULL FINANCE, INC. | NMLS #1247892 will start to save you money. You will provide details about your employment, your assets, and residence history. You'll give us your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission, of course). After we've finished reviewing your information, we'll provide you with a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're deciding on the home that's right for you, we are researching 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, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our site. At the end of this step, we will order an 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. We'll work with this company to ensure the papers your lender needs are in order, and you will probably}likely sign everything at their officeWe do all the work to work with with the title company to set your closing date. Since you don't need to worry with this coordination, you get to concentrate on moving, paint colors, new carpet, and the details involved in moving into a new house.

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

Have questions about the loan process? Call REDDISH BULL FINANCE, INC. | NMLS #1247892 at 561-475-2281. It's our job to answer lending questions, so we're happy to help!